Mirae Asset Global Investments Co. Ltd. bought a new stake in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) during the first quarter, HoldingsChannel.com reports. The fund bought 11,988 shares of the industrial products company’s stock, valued at approximately $4,959,000.
A number of other hedge funds have also made changes to their positions in ZBRA. Siemens Fonds Invest GmbH raised its stake in shares of Zebra Technologies by 32.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 746 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 182 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Zebra Technologies by 55.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,985 shares of the industrial products company’s stock valued at $5,942,000 after purchasing an additional 3,579 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Zebra Technologies by 84.6% during the 4th quarter. GSA Capital Partners LLP now owns 790 shares of the industrial products company’s stock valued at $470,000 after purchasing an additional 362 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Zebra Technologies by 106.6% during the 4th quarter. Clearstead Advisors LLC now owns 756 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 390 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in Zebra Technologies during the 4th quarter valued at $788,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.
Analyst Ratings Changes
ZBRA has been the subject of a number of recent analyst reports. UBS Group lowered their price target on shares of Zebra Technologies from $510.00 to $495.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Stephens lowered their price target on shares of Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating for the company in a report on Wednesday, August 3rd. Needham & Company LLC decreased their price objective on shares of Zebra Technologies from $500.00 to $450.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. TheStreet lowered shares of Zebra Technologies from a “b-” rating to a “c+” rating in a report on Monday, June 27th. Finally, StockNews.com lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $453.33.
Zebra Technologies Trading Down 4.3 %
NASDAQ ZBRA opened at $272.94 on Friday. Zebra Technologies Co. has a one year low of $272.79 and a one year high of $615.00. The company has a 50-day simple moving average of $316.82 and a 200-day simple moving average of $342.52. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.56 and a current ratio of 0.85. The firm has a market capitalization of $14.14 billion, a PE ratio of 21.09 and a beta of 1.68.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 EPS for the quarter, beating the consensus estimate of $3.93 by $0.68. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $4.17 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Zebra Technologies Co. will post 16.89 earnings per share for the current year.
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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.
- Get a free copy of the StockNews.com research report on Zebra Technologies (ZBRA)
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