Mirae Asset Global Investments Co. Ltd. Makes New $4.51 Million Investment in Zebra Technologies Corporation $ZBRA

Mirae Asset Global Investments Co. Ltd. bought a new position in Zebra Technologies Corporation (NASDAQ:ZBRA) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 12,090 shares of the industrial products company’s stock, valued at approximately $4,513,000.

A number of other institutional investors have also recently made changes to their positions in ZBRA. Dimensional Fund Advisors LP lifted its stake in shares of Zebra Technologies by 37.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company’s stock valued at $143,473,000 after purchasing an additional 185,387 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Zebra Technologies by 3.4% in the first quarter. Lazard Asset Management LLC now owns 623,965 shares of the industrial products company’s stock valued at $130,459,000 after acquiring an additional 20,567 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Zebra Technologies by 111.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company’s stock worth $104,671,000 after acquiring an additional 264,015 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Zebra Technologies by 22.9% during the 1st quarter. Bank of America Corp DE now owns 291,031 shares of the industrial products company’s stock worth $60,849,000 after purchasing an additional 54,222 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Zebra Technologies by 415.3% during the 1st quarter. Renaissance Technologies LLC now owns 288,311 shares of the industrial products company’s stock worth $60,280,000 after purchasing an additional 232,360 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insiders Place Their Bets

In related news, Director Linda Connly sold 500 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $377.68, for a total transaction of $188,840.00. Following the transaction, the director directly owned 3,708 shares of the company’s stock, valued at $1,400,437.44. This represents a 11.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZBRA. Cfra upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, November 2nd. KeyCorp increased their price objective on Zebra Technologies from $305.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Citigroup reduced their price objective on Zebra Technologies from $400.00 to $398.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Barclays upped their target price on Zebra Technologies from $416.00 to $432.00 and gave the stock an “overweight” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $388.67.

Zebra Technologies Stock Up 0.1%

ZBRA stock traded up $0.38 during trading on Friday, hitting $322.02. 777,440 shares of the company’s stock traded hands, compared to its average volume of 528,588. The firm has a market capitalization of $15.34 billion, a P/E ratio of 25.99 and a beta of 1.61. Zebra Technologies Corporation has a 1 year low of $199.05 and a 1 year high of $392.78. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $364.61 and a two-hundred day simple moving average of $282.38.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.89 by $0.06. Zebra Technologies had a net margin of 9.22% and a return on equity of 22.29%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm posted $3.88 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Sell-side analysts anticipate that Zebra Technologies Corporation will post 18.13 EPS for the current year.

About Zebra Technologies

Zebra Technologies Corp. (NASDAQ: ZBRA) develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company’s portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.