Daiwa Securities Group Inc. Has $4.64 Million Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Daiwa Securities Group Inc. lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 34.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,005 shares of the industrial products company’s stock after purchasing an additional 3,088 shares during the period. Daiwa Securities Group Inc.’s holdings in Zebra Technologies were worth $4,637,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies in the fourth quarter worth about $140,039,000. FMR LLC raised its stake in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after acquiring an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after purchasing an additional 89,765 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Zebra Technologies by 111.0% during the fourth quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company’s stock worth $63,427,000 after purchasing an additional 86,379 shares during the period. Finally, State Street Corp boosted its position in Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Performance

ZBRA opened at $279.18 on Thursday. The stock’s 50 day simple moving average is $358.37 and its 200-day simple moving average is $370.20. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a market cap of $14.34 billion, a PE ratio of 27.42 and a beta of 1.68. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76.

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

Analyst Ratings Changes

ZBRA has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Barclays cut their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Robert W. Baird lowered their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. UBS Group cut their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley decreased their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.04% of the company’s stock.

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.