MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 7,936 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,384 shares of the industrial products company's stock after buying an additional 7,936 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Zebra Technologies worth $12,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Creative Financial Designs Inc. ADV raised 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 buying an additional 36 shares during the period. Sierra Ocean LLC acquired a new position in Zebra Technologies in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies in the 4th quarter valued at about $31,000. Avalon Trust Co acquired a new position in Zebra Technologies in the 4th quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Zebra Technologies in the 4th quarter valued at about $36,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZBRA has been the subject of a number of analyst reports. UBS Group lowered their price objective on 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 reduced their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Morgan Stanley reduced their price objective on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen cut Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. 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 research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $321.73.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded down $0.45 on Thursday, hitting $287.47. The company's stock had a trading volume of 65,073 shares, compared to its average volume of 458,304. The stock's 50-day moving average is $260.30 and its two-hundred day moving average is $334.76. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 28.27 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the business posted $2.84 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.84% of the company's stock.

Zebra Technologies 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.