Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,881 shares of the industrial products company's stock after buying an additional 9,931 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Zebra Technologies worth $32,086,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Korea Investment CORP lifted its holdings in shares of Zebra Technologies by 48.6% in the 4th quarter. Korea Investment CORP now owns 32,407 shares of the industrial products company's stock worth $12,516,000 after acquiring an additional 10,597 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Zebra Technologies by 18.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,091 shares of the industrial products company's stock worth $421,000 after buying an additional 170 shares during the period. Modern Wealth Management LLC boosted its position in shares of Zebra Technologies by 2.7% during the fourth quarter. Modern Wealth Management LLC now owns 5,252 shares of the industrial products company's stock worth $1,883,000 after buying an additional 137 shares during the period. EntryPoint Capital LLC grew its stake in shares of Zebra Technologies by 20.5% in the fourth quarter. EntryPoint Capital LLC now owns 842 shares of the industrial products company's stock valued at $325,000 after buying an additional 143 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Zebra Technologies by 74.2% in the 4th quarter. Segall Bryant & Hamill LLC now owns 69,205 shares of the industrial products company's stock valued at $26,728,000 after buying an additional 29,478 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

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Zebra Technologies Stock Up 0.2 %

Shares of Zebra Technologies stock traded up $0.51 during trading hours on Tuesday, hitting $283.07. The company had a trading volume of 359,241 shares, compared to its average volume of 400,033. The company's 50-day moving average is $329.71 and its two-hundred day moving average is $365.67. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market cap of $14.54 billion, a P/E ratio of 27.81 and a beta of 1.68.

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 (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.31 billion. Analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average cost 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. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Needham & Company LLC dropped their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, February 14th. UBS Group decreased their target price on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target on the stock. Robert W. Baird decreased their price objective 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. Finally, Barclays cut their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.