BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 700 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 18.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,467 shares of the industrial products company’s stock after purchasing an additional 700 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Zebra Technologies were worth $1,347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd lifted its stake in shares of Zebra Technologies by 1.4% in the 4th quarter. IFM Investors Pty Ltd now owns 11,386 shares of the industrial products company’s stock valued at $3,112,000 after acquiring an additional 157 shares during the last quarter. CX Institutional bought a new position in shares of Zebra Technologies in the 4th quarter valued at $284,000. Norway Savings Bank bought a new position in shares of Zebra Technologies in the 4th quarter valued at $444,000. Heron Bay Capital Management lifted its stake in shares of Zebra Technologies by 8.0% in the 4th quarter. Heron Bay Capital Management now owns 11,747 shares of the industrial products company’s stock valued at $3,211,000 after acquiring an additional 874 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Zebra Technologies by 34.6% in the 4th quarter. SG Americas Securities LLC now owns 7,447 shares of the industrial products company’s stock valued at $2,035,000 after acquiring an additional 1,914 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $321.45 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $313.63 and a two-hundred day moving average price of $289.75. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $337.08. The company has a market cap of $16.53 billion, a P/E ratio of 63.78 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.13 by $0.71. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the business posted $3.59 EPS. As a group, analysts anticipate that Zebra Technologies Co. will post 10.76 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com raised Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Robert W. Baird raised their target price on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research report on Monday, April 8th. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Finally, UBS Group raised their target price on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Zebra Technologies has an average rating of “Hold” and a consensus price target of $323.36.

Insider Activity

In other news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the sale, the insider now directly owns 3,809 shares in the company, valued at approximately $1,220,822.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.06% of the stock is currently owned by company insiders.

About Zebra Technologies

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.