12,090 Shares in Zebra Technologies Corporation $ZBRA Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) in the 3rd quarter, Holdings Channel reports. The fund acquired 12,090 shares of the industrial products company’s stock, valued at approximately $4,513,000.

A number of other large investors have also recently made changes to their positions in ZBRA. Calamos Wealth Management LLC acquired a new stake in Zebra Technologies during the 1st quarter worth about $9,053,000. Bank of America Corp DE increased its holdings in shares of Zebra Technologies by 22.9% in the first quarter. Bank of America Corp DE now owns 291,031 shares of the industrial products company’s stock valued at $60,849,000 after purchasing an additional 54,222 shares during the period. VELA Investment Management LLC raised its stake in shares of Zebra Technologies by 1,400.8% in the second quarter. VELA Investment Management LLC now owns 21,281 shares of the industrial products company’s stock worth $5,602,000 after purchasing an additional 19,863 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Zebra Technologies by 21.8% in the second quarter. Tidal Investments LLC now owns 11,455 shares of the industrial products company’s stock worth $3,016,000 after purchasing an additional 2,053 shares during the last quarter. Finally, EULAV Asset Management acquired a new stake in shares of Zebra Technologies during the third quarter worth about $4,738,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent research reports. Wall Street Zen upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $410.00 to $435.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Truist Financial upped their price objective on shares of Zebra Technologies from $355.00 to $378.00 and gave the company a “hold” rating in a report on Monday, October 5th. Zacks Research lowered shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, UBS Group reissued a “buy” rating on shares of Zebra Technologies in a report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $388.67.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded up $0.38 during midday trading on Friday, reaching $322.02. 777,440 shares of the stock were exchanged, compared to its average volume of 528,588. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.14. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of 25.99 and a beta of 1.61. The firm has a 50-day simple moving average of $364.61 and a two-hundred day simple moving average of $282.38. Zebra Technologies Corporation has a twelve month low of $199.05 and a twelve month high of $392.78.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.89 by $0.06. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. Zebra Technologies had a net margin of 9.22% and a return on equity of 22.29%. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.88 earnings per share. As a group, analysts anticipate that Zebra Technologies Corporation will post 18.13 EPS for the current fiscal year.

Insider Activity

In other news, Director Linda Connly sold 500 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $377.68, for a total transaction of $188,840.00. Following the sale, the director directly owned 3,708 shares of the company’s stock, valued at $1,400,437.44. This represents a 11.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by insiders.

Zebra Technologies Profile

Zebra Technologies Corp. (NASDAQ: ZBRA) develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company’s portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.