Asset Management One Co. Ltd. Buys 1,267 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Asset Management One Co. Ltd. raised its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,321 shares of the industrial products company's stock after buying an additional 1,267 shares during the period. Asset Management One Co. Ltd.'s holdings in Zebra Technologies were worth $6,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV lifted its stake in Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares in the last quarter. Investment Management Corp VA ADV bought a new position in shares of Zebra Technologies during the fourth quarter valued at about $27,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies during the fourth quarter worth about $31,000. Avalon Trust Co bought a new stake in Zebra Technologies in the 4th quarter worth about $35,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Zebra Technologies in the 4th quarter valued at about $36,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Trading Up 1.4%

NASDAQ ZBRA traded up $4.28 on Wednesday, hitting $319.76. The company's stock had a trading volume of 175,247 shares, compared to its average volume of 477,939. The firm has a market cap of $16.26 billion, a P/E ratio of 30.36 and a beta of 1.75. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76. The company's 50-day simple moving average is $284.00 and its 200 day simple moving average is $313.31. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $2.84 earnings per share. The firm's revenue was up 11.3% on a year-over-year basis. Research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ZBRA shares. Needham & Company LLC decreased their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird increased their price objective on Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Barclays reduced their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. UBS Group decreased their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Truist Financial cut their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $331.20.

About Zebra Technologies

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.