Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 934,609 shares of the industrial products company’s stock after purchasing an additional 27,544 shares during the period. JPMorgan Chase & Co. owned about 1.81% of Zebra Technologies worth $360,965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Zebra Technologies by 13.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 81,881 shares of the industrial products company’s stock valued at $32,086,000 after purchasing an additional 9,931 shares during the last quarter. Korea Investment CORP raised its position in shares of Zebra Technologies by 48.6% in the 4th quarter. Korea Investment CORP now owns 32,407 shares of the industrial products company’s stock valued at $12,516,000 after purchasing an additional 10,597 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Zebra Technologies by 18.5% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,091 shares of the industrial products company’s stock valued at $421,000 after buying an additional 170 shares during the last quarter. Modern Wealth Management LLC grew its position in shares of Zebra Technologies by 2.7% during the fourth quarter. Modern Wealth Management LLC now owns 5,252 shares of the industrial products company’s stock worth $1,883,000 after buying an additional 137 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in shares of Zebra Technologies by 20.5% in the fourth quarter. EntryPoint Capital LLC now owns 842 shares of the industrial products company’s stock worth $325,000 after buying an additional 143 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on ZBRA shares. UBS Group decreased their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Robert W. Baird reduced their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Barclays decreased their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. Five 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Stock Down 1.5 %

Zebra Technologies stock opened at $280.79 on Monday. 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 one year low of $266.75 and a one year high of $427.76. The company has a 50-day simple moving average of $332.18 and a 200-day simple moving average of $366.05. The firm has a market capitalization of $14.43 billion, a P/E ratio of 27.58 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 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is owned by company insiders.

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.