OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 924 shares of the industrial products company’s stock, valued at approximately $253,000.

Several other institutional investors have also recently made changes to their positions in the business. First Horizon Advisors Inc. grew its holdings in Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after buying an additional 56 shares in the last quarter. Centerpoint Advisors LLC bought a new stake in Zebra Technologies in the 3rd quarter valued at $59,000. Huntington National Bank lifted its stake in Zebra Technologies by 104.0% in the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 182 shares in the last quarter. ING Groep NV bought a new position in shares of Zebra Technologies during the 3rd quarter valued at about $105,000. Finally, SRS Capital Advisors Inc. grew its position in shares of Zebra Technologies by 620.3% during the third quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 459 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ZBRA shares. Truist Financial began coverage on Zebra Technologies in a research report on Thursday, March 14th. They issued a “hold” rating and a $300.00 target price on the stock. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a report on Monday, April 8th. Barclays began coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price for the company. Finally, StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $278.64.

Zebra Technologies Stock Up 1.3 %

Shares of NASDAQ ZBRA opened at $271.63 on Tuesday. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $320.55. The firm has a 50-day simple moving average of $284.67 and a two-hundred day simple moving average of $253.51. The company has a market cap of $13.96 billion, a P/E ratio of 47.57 and a beta of 1.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business earned $4.43 EPS. Zebra Technologies’s revenue was down 32.9% compared to the same quarter last year. Research analysts anticipate that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

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.