Nissay Asset Management Corp Japan ADV Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Nissay Asset Management Corp Japan ADV lifted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,263 shares of the industrial products company’s stock after purchasing an additional 102 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Zebra Technologies were worth $2,437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZBRA. Norges Bank purchased a new position in shares of Zebra Technologies in the 4th quarter worth about $201,420,000. FMR LLC boosted its holdings in shares of Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock worth $299,585,000 after purchasing an additional 499,736 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock worth $379,930,000 after purchasing an additional 379,491 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Zebra Technologies during the 4th quarter valued at about $140,039,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock valued at $153,188,000 after acquiring an additional 322,475 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ZBRA shares. UBS Group dropped their target price on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Needham & Company LLC dropped their target price on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Barclays dropped their target price on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Truist Financial dropped their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley dropped their target price on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $321.73.

Zebra Technologies Trading Up 0.8%

NASDAQ ZBRA opened at $300.62 on Friday. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week 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. The stock has a 50 day simple moving average of $259.25 and a two-hundred day simple moving average of $336.28. The stock has a market cap of $15.29 billion, a P/E ratio of 29.53 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business posted $2.84 EPS. The business’s revenue was up 11.3% on a year-over-year basis. On average, analysts forecast 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.