Daiwa Securities Group Inc. Purchases 3,088 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Daiwa Securities Group Inc. grew its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 34.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,005 shares of the industrial products company’s stock after buying an additional 3,088 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Zebra Technologies were worth $4,637,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after acquiring an additional 70,771 shares in the last quarter. Geode Capital Management LLC raised its position in Zebra Technologies by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock valued at $459,766,000 after purchasing an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after purchasing an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Zebra Technologies by 2.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock worth $169,016,000 after purchasing an additional 10,956 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at $140,039,000. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Down 0.4 %

Shares of Zebra Technologies stock opened at $279.18 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The stock has a market cap of $14.34 billion, a PE ratio of 27.42 and a beta of 1.68. The business has a fifty day simple moving average of $358.37 and a 200 day simple moving average of $370.20.

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

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, for a total transaction 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. 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 is available at the SEC website. 1.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays reduced their price target on shares of 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. Citigroup initiated coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. UBS Group dropped their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Truist Financial reduced their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

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.