Mitsubishi UFJ Asset Management Co. Ltd. Buys 9,931 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 13.8% during the fourth quarter, Holdings Channel reports. The firm owned 81,881 shares of the industrial products company’s stock after purchasing an additional 9,931 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Zebra Technologies were worth $32,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV lifted its position in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after buying an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies in the 4th quarter worth about $28,000. Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $31,000. Avalon Trust Co bought a new position in shares of Zebra Technologies in the 4th quarter valued at about $35,000. Finally, Fortitude Family Office LLC grew its position in Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $280.79 on Friday. The stock has a 50-day moving average of $332.18 and a two-hundred day moving average of $365.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock has a market cap of $14.43 billion, a P/E ratio of 27.58 and a beta of 1.68. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. As a group, research analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ZBRA shares. Robert W. Baird cut their target price 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. Truist Financial reduced their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Citigroup assumed coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. 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 report on Friday, February 14th. Finally, UBS Group dropped their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Insiders Place Their Bets

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.06% 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.