Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Korea Investment CORP

Korea Investment CORP boosted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,407 shares of the industrial products company's stock after buying an additional 10,597 shares during the period. Korea Investment CORP owned approximately 0.06% of Zebra Technologies worth $12,516,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV increased its holdings in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after buying an additional 36 shares during the last quarter. Sierra Ocean LLC purchased a new position in Zebra Technologies in the fourth quarter worth about $28,000. Picton Mahoney Asset Management bought a new stake in Zebra Technologies during the fourth quarter worth approximately $31,000. Avalon Trust Co purchased a new stake in Zebra Technologies during the fourth quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.06% of the company's stock.

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Zebra Technologies Stock Up 1.6 %

Zebra Technologies stock traded up $4.50 during mid-day trading on Wednesday, reaching $287.57. 319,023 shares of the company were exchanged, compared to its average volume of 399,645. 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 firm has a market cap of $14.78 billion, a P/E ratio of 28.25 and a beta of 1.68. The business has a fifty day moving average of $327.01 and a 200 day moving average of $365.29. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZBRA. Robert W. Baird lowered their price target on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday, February 14th. UBS Group cut their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley reduced their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, Barclays dropped their target price on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $381.42.

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.