Asset Management One Co. Ltd. Boosts Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Asset Management One Co. Ltd. lifted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,321 shares of the industrial products company's stock after purchasing 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 SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Investment Management Corp VA ADV purchased a new position in Zebra Technologies during the 4th quarter valued at about $27,000. Creative Financial Designs Inc. ADV lifted its position 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 during the period. Picton Mahoney Asset Management purchased a new position in Zebra Technologies during the 4th quarter valued at about $31,000. Avalon Trust Co purchased a new position in Zebra Technologies during the 4th quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC purchased a new position in Zebra Technologies during the 4th quarter valued at about $36,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZBRA. Needham & Company LLC lowered their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. UBS Group lowered their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Citigroup lowered their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird lifted their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Five 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.20.

Zebra Technologies Stock Up 0.3%

Shares of Zebra Technologies stock opened at $309.26 on Friday. The company has a 50-day simple moving average of $280.51 and a two-hundred day simple moving average of $314.62. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76. The stock has a market capitalization of $15.73 billion, a PE ratio of 29.26 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45.

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 net margin of 10.73% and a return on equity of 18.77%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $2.84 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

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.

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.