Asset Management One Co. Ltd. lifted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,676 shares of the industrial products company’s stock after purchasing an additional 355 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Zebra Technologies were worth $6,684,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new stake in Zebra Technologies in the first quarter worth $99,995,000. Victory Capital Management Inc. boosted its holdings in Zebra Technologies by 27.5% in the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company’s stock worth $334,469,000 after acquiring an additional 255,193 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Zebra Technologies by 5,704.9% in the first quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company’s stock worth $73,286,000 after acquiring an additional 254,895 shares in the last quarter. Nuveen LLC bought a new stake in Zebra Technologies in the first quarter worth $46,633,000. Finally, AQR Capital Management LLC boosted its holdings in Zebra Technologies by 381.6% in the first quarter. AQR Capital Management LLC now owns 201,652 shares of the industrial products company’s stock worth $55,892,000 after acquiring an additional 159,781 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.
Zebra Technologies Stock Down 11.7%
ZBRA stock opened at $274.31 on Wednesday. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The business has a fifty day moving average price of $306.54 and a 200-day moving average price of $298.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The stock has a market capitalization of $13.95 billion, a P/E ratio of 25.90 and a beta of 1.75.
Zebra Technologies announced that its Board of Directors has approved a stock buyback program on Tuesday, August 5th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Analyst Ratings Changes
ZBRA has been the topic of several analyst reports. Truist Financial boosted their target price on Zebra Technologies from $319.00 to $350.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Robert W. Baird boosted their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. Citigroup boosted their target price on Zebra Technologies from $340.00 to $346.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Morgan Stanley boosted their price target on Zebra Technologies from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, BNP Paribas upgraded Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $369.56.
Get Our Latest Stock Analysis on ZBRA
Zebra Technologies Company 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.
Featured Stories
- Five stocks we like better than Zebra Technologies
- Do ETFs Pay Dividends? What You Need to Know
- The Drone Arms Race: From Battlefield to Balance Sheet
- Stock Dividend Cuts Happen Are You Ready?
- Why Wall Street Is Backing These 3 Comeback Stocks
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Intel’s Breakout Quarter: More Than a Beat, It’s a Declaration
Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report).
Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
