Mizuho Securities USA LLC Boosts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Mizuho Securities USA LLC lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 46.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,889 shares of the industrial products company’s stock after acquiring an additional 1,544 shares during the quarter. Mizuho Securities USA LLC’s holdings in Zebra Technologies were worth $1,888,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ZBRA. Pathstone Holdings LLC raised its position in shares of Zebra Technologies by 11.6% in the 3rd quarter. Pathstone Holdings LLC now owns 4,379 shares of the industrial products company’s stock valued at $1,622,000 after purchasing an additional 456 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Zebra Technologies in the third quarter worth $504,000. Raymond James Trust N.A. raised its holdings in Zebra Technologies by 9.6% in the third quarter. Raymond James Trust N.A. now owns 1,589 shares of the industrial products company’s stock valued at $588,000 after acquiring an additional 139 shares in the last quarter. Meridian Wealth Management LLC bought a new position in Zebra Technologies during the 3rd quarter valued at $257,000. Finally, Cerity Partners LLC grew its holdings in Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after acquiring an additional 3,328 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ZBRA shares. UBS Group cut 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. Truist Financial cut their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. 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. Barclays dropped their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Five equities research 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Up 2.6 %

Zebra Technologies stock opened at $297.41 on Tuesday. The firm has a market capitalization of $15.28 billion, a P/E ratio of 29.22 and a beta of 1.68. The company has a 50-day simple moving average of $341.34 and a 200-day simple moving average of $367.29. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results 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). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Zebra Technologies 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.