Daiwa Securities Group Inc. Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Daiwa Securities Group Inc. increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 34.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,005 shares of the industrial products company's stock after purchasing an additional 3,088 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Zebra Technologies were worth $4,637,000 as of its most recent SEC filing.

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

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Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $7.14 on Friday, hitting $278.86. 282,038 shares of the company's stock traded hands, compared to its average volume of 384,452. The firm's 50-day moving average price is $356.13 and its two-hundred day moving average price is $369.51. The firm has a market capitalization of $14.33 billion, a PE ratio of 27.36 and a beta of 1.68. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Buying and Selling

In related news, Director Anders Gustafsson purchased 500 shares of the firm's stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Truist Financial reduced their price target on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Morgan Stanley decreased their price target on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target on the stock. Needham & Company LLC cut their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, Barclays lowered their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Five 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $381.42.

Zebra Technologies Company 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.