OVERSEA CHINESE BANKING Corp Ltd Purchases New Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 924 shares of the industrial products company’s stock, valued at approximately $253,000.

Several other large investors also recently added to or reduced their stakes in ZBRA. Vanguard Group Inc. increased its holdings in shares of Zebra Technologies by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock worth $1,433,380,000 after buying an additional 36,194 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Zebra Technologies by 4.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock valued at $389,400,000 after purchasing an additional 77,086 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Zebra Technologies by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,191,194 shares of the industrial products company’s stock valued at $281,753,000 after purchasing an additional 92,055 shares during the last quarter. Black Creek Investment Management Inc. grew its holdings in shares of Zebra Technologies by 6.3% during the 3rd quarter. Black Creek Investment Management Inc. now owns 992,730 shares of the industrial products company’s stock worth $234,810,000 after purchasing an additional 59,200 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Zebra Technologies by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after purchasing an additional 131,383 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $271.63 on Tuesday. The stock has a 50-day simple moving average of $284.67 and a 200-day simple moving average of $253.51. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $320.55. The stock has a market capitalization of $13.96 billion, a PE ratio of 47.57 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The firm’s revenue was down 32.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.43 EPS. On average, analysts predict that Zebra Technologies Co. will post 9.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial initiated coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They set a “hold” rating and a $300.00 target price for the company. StockNews.com lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a research note on Monday, April 8th. Finally, Barclays initiated coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $278.64.

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.