Mirae Asset Global Investments Co. Ltd. Acquires 618 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,387 shares of the industrial products company’s stock after purchasing an additional 618 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Zebra Technologies were worth $2,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mcdaniel Terry & Co. grew its position in Zebra Technologies by 2.6% in the third quarter. Mcdaniel Terry & Co. now owns 47,458 shares of the industrial products company’s stock valued at $17,575,000 after acquiring an additional 1,198 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Zebra Technologies by 20.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 15,599 shares of the industrial products company’s stock valued at $5,777,000 after purchasing an additional 2,623 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Zebra Technologies during the 3rd quarter worth approximately $223,000. International Assets Investment Management LLC increased its position in Zebra Technologies by 17,054.4% during the 3rd quarter. International Assets Investment Management LLC now owns 46,660 shares of the industrial products company’s stock worth $17,279,000 after purchasing an additional 46,388 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in Zebra Technologies by 271.3% in the 3rd quarter. Greenleaf Trust now owns 3,052 shares of the industrial products company’s stock valued at $1,130,000 after purchasing an additional 2,230 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday. Vertical Research initiated coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price on the stock. Robert W. Baird raised their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $379.73.

Zebra Technologies Stock Performance

ZBRA stock opened at $383.89 on Thursday. The firm has a market cap of $19.80 billion, a PE ratio of 86.66 and a beta of 1.66. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $357.82 and a 200-day moving average price of $329.59. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $394.57.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.24 earnings per share. As a group, equities research analysts expect that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.04% of the stock is currently owned by company insiders.

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.