Mufg Securities Americas Inc. Acquires Shares of 762 Zebra Technologies Co. (NASDAQ:ZBRA)

Mufg Securities Americas Inc. bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 762 shares of the industrial products company’s stock, valued at approximately $294,000.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its holdings in Zebra Technologies by 2.4% during the 3rd quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock worth $41,910,000 after purchasing an additional 2,617 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after buying an additional 89,765 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Zebra Technologies by 32.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,081 shares of the industrial products company’s stock valued at $418,000 after buying an additional 263 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Zebra Technologies by 103.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 31,785 shares of the industrial products company’s stock valued at $12,276,000 after acquiring an additional 16,186 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Zebra Technologies by 20.1% in the fourth quarter. Park Avenue Securities LLC now owns 8,840 shares of the industrial products company’s stock worth $3,414,000 after acquiring an additional 1,481 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $300.62 on Friday. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 29.53 and a beta of 1.74. The stock’s 50-day simple moving average is $259.25 and its 200-day simple moving average is $336.60.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $2.84 EPS. Zebra Technologies’s revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares in the company, valued at $62,876,736. This trade 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 accessible through this hyperlink. 0.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Truist Financial cut their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. StockNews.com lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Barclays lowered their target price on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Morgan Stanley cut their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird upped their price objective on Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.73.

Zebra Technologies 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.