Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,866 shares of the industrial products company’s stock after buying an additional 35 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Zebra Technologies were worth $527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Kovitz Investment Group Partners LLC acquired a new stake in Zebra Technologies during the fourth quarter valued at $107,254,000. Victory Capital Management Inc. grew its position in shares of Zebra Technologies by 27.5% in the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company’s stock valued at $334,469,000 after purchasing an additional 255,193 shares during the period. Pacer Advisors Inc. grew its position in shares of Zebra Technologies by 5,704.9% in the first quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company’s stock valued at $73,286,000 after purchasing an additional 254,895 shares during the period. GAMMA Investing LLC grew its position in shares of Zebra Technologies by 20,849.2% in the first quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company’s stock valued at $72,335,000 after purchasing an additional 254,777 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Zebra Technologies in the first quarter valued at about $46,633,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

ZBRA opened at $317.90 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $316.46 and its 200 day moving average price is $297.72. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The firm has a market capitalization of $16.17 billion, a PE ratio of 30.02 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $3.18 earnings per share. Zebra Technologies’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its Board of Directors has approved a share repurchase program on Tuesday, August 5th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

ZBRA has been the topic of several research analyst reports. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Robert W. Baird lifted their target price on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. BNP Paribas Exane upgraded shares of Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 target price on the stock in a research report on Thursday, July 10th. Citigroup reissued a “neutral” rating and issued a $342.00 price target (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. Finally, Truist Financial boosted their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $357.44.

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.