Nomura Asset Management Co. Ltd. Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Nomura Asset Management Co. Ltd. increased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,128 shares of the industrial products company’s stock after purchasing an additional 59 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Zebra Technologies were worth $5,843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV lifted its stake in 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 purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies in the fourth quarter worth $28,000. Picton Mahoney Asset Management bought a new stake in Zebra Technologies during the fourth quarter valued at $31,000. Avalon Trust Co purchased a new position in Zebra Technologies during the fourth quarter worth about $35,000. Finally, Fortitude Family Office LLC increased its stake in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ZBRA has been the subject of several recent analyst reports. Robert W. Baird cut their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. UBS Group lowered their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley dropped their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, Barclays reduced their target price on 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 investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $283.07 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The business has a 50 day moving average price of $327.01 and a 200-day moving average price of $365.29. The firm has a market cap of $14.54 billion, a PE ratio of 27.81 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities research analysts predict that Zebra Technologies Co. will post 13.71 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.