Achmea Investment Management B.V. Raises Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Achmea Investment Management B.V. boosted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 335.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,435 shares of the industrial products company's stock after buying an additional 6,499 shares during the period. Achmea Investment Management B.V.'s holdings in Zebra Technologies were worth $2,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its stake in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after buying an additional 36 shares during the last quarter. Investment Management Corp VA ADV acquired a new position in Zebra Technologies during the fourth quarter worth $27,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the fourth quarter worth $31,000. Avalon Trust Co acquired a new position in Zebra Technologies during the fourth quarter worth $35,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Zebra Technologies during the fourth quarter worth $36,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Price Performance

ZBRA opened at $309.26 on Friday. The stock's 50-day moving average price is $280.51 and its 200 day moving average price is $314.62. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 29.26 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $2.84 EPS. Zebra Technologies's revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZBRA. Morgan Stanley boosted their price objective on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. UBS Group decreased their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC decreased their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird upped their price target on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Barclays decreased their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $331.20.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.

Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.