Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 22.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,746 shares of the industrial products company's stock after selling 1,655 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Zebra Technologies were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its holdings in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 36 shares in the last quarter. Investment Management Corp VA ADV purchased a new position in Zebra Technologies in the 4th quarter valued at about $27,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies in the 4th quarter valued at about $31,000. Avalon Trust Co purchased a new position in Zebra Technologies in the 4th quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC purchased a new position in Zebra Technologies in the 4th quarter valued at about $36,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ZBRA shares. UBS Group reduced their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC reduced their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley upped their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Truist Financial cut their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird increased their price objective 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 equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $331.20.

Zebra Technologies Trading Up 1.9%

ZBRA traded up $5.95 on Tuesday, reaching $323.06. 372,910 shares of the company's stock were exchanged, compared to its average volume of 481,863. The company's 50 day moving average is $291.68 and its 200-day moving average is $310.85. The company has a market cap of $16.43 billion, a price-to-earnings ratio of 30.56 and a beta of 1.75. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. 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 posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.84 EPS. Equities analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

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.