Allianz Asset Management GmbH Purchases 86,379 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Allianz Asset Management GmbH raised its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 111.0% during the 4th quarter, HoldingsChannel reports. The fund owned 164,224 shares of the industrial products company’s stock after buying an additional 86,379 shares during the quarter. Allianz Asset Management GmbH’s holdings in Zebra Technologies were worth $63,427,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ZBRA. Sierra Ocean LLC bought a new stake in Zebra Technologies in the 4th quarter valued at $28,000. Concord Wealth Partners acquired a new position in Zebra Technologies in the 3rd quarter valued at $30,000. Fortitude Family Office LLC grew its holdings in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in Zebra Technologies in the 4th quarter valued at $42,000. Finally, Blue Trust Inc. grew its holdings in Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $311.05 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a market cap of $15.98 billion, a P/E ratio of 30.56 and a beta of 1.63. The business has a fifty day simple moving average of $382.03 and a 200 day simple moving average of $373.38.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. On average, sell-side analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup assumed coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective on the stock. TD Cowen upped their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Robert W. Baird reduced their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $381.42.

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.