Asset Management One Co. Ltd. Buys 1,235 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Asset Management One Co. Ltd. lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,900 shares of the industrial products company’s stock after purchasing an additional 1,235 shares during the period. Asset Management One Co. Ltd.’s holdings in Zebra Technologies were worth $7,369,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Concord Wealth Partners bought a new position in shares of Zebra Technologies in the third quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies in the second quarter worth about $27,000. Farmers & Merchants Investments Inc. lifted its stake in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC purchased a new stake in Zebra Technologies in the second quarter worth about $32,000. Finally, Blue Trust Inc. lifted its stake 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 acquiring an additional 67 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Stephens increased their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC increased their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $385.18.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is owned by corporate insiders.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $397.18 on Friday. The firm has a market capitalization of $20.49 billion, a P/E ratio of 54.04 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $362.64 and a 200 day moving average price of $333.78. Zebra Technologies Co. has a 52 week low of $201.43 and a 52 week high of $403.78.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. Sell-side analysts expect that Zebra Technologies Co. will post 12.26 EPS for the current year.

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.