Mirae Asset Global Investments Co. Ltd. Has $2.88 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,401 shares of the industrial products company's stock after purchasing an additional 1,014 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Zebra Technologies were worth $2,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Concord Wealth Partners acquired a new position in shares of Zebra Technologies in the 3rd quarter valued at $30,000. Fortitude Family Office LLC increased its stake in Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 59 shares during the period. Blue Trust Inc. raised its position in Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Spire Wealth Management lifted its stake 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 purchasing an additional 42 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake 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 purchasing an additional 30 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ZBRA shares. Citigroup initiated coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price for the company. TD Cowen upped 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. StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Robert W. Baird boosted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, UBS Group lifted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $401.25.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded down $29.50 during trading on Thursday, reaching $323.42. The company had a trading volume of 1,714,207 shares, compared to its average volume of 552,620. Zebra Technologies Co. has a 52 week low of $248.27 and a 52 week high of $427.76. The business's 50 day moving average price is $393.93 and its 200-day moving average price is $373.98. The stock has a market cap of $16.68 billion, a PE ratio of 44.00 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Analysts expect that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

About Zebra Technologies

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.