Sumitomo Mitsui DS Asset Management Company Ltd Purchases 1,064 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,248 shares of the industrial products company's stock after acquiring an additional 1,064 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Zebra Technologies were worth $2,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concord Wealth Partners acquired a new position in Zebra Technologies during the third quarter worth $30,000. Fortitude Family Office LLC increased its position in Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock worth $37,000 after buying an additional 59 shares during the last quarter. Blue Trust Inc. increased its position in Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after buying an additional 67 shares during the last quarter. Spire Wealth Management increased its position in Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company's stock worth $53,000 after buying an additional 42 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock worth $58,000 after buying an additional 30 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZBRA. StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. UBS Group raised their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Truist Financial lowered 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. Finally, TD Cowen raised their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Five 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $386.00.

Zebra Technologies Stock Performance

ZBRA stock traded down $5.06 during trading on Friday, reaching $318.36. 868,857 shares of the stock were exchanged, compared to its average volume of 563,167. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a market capitalization of $16.42 billion, a P/E ratio of 43.31 and a beta of 1.63. The stock has a 50 day simple moving average of $392.30 and a 200-day simple moving average of $373.63. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported $3.62 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

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.