Zebra Technologies (ZBRA) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in Zebra Technologies (NASDAQ:ZBRA) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,850 shares of the industrial products company’s stock after buying an additional 5,870 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.14% of Zebra Technologies worth $13,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in ZBRA. Reilly Financial Advisors LLC bought a new stake in Zebra Technologies in the third quarter valued at approximately $142,000. Synovus Financial Corp bought a new stake in Zebra Technologies in the second quarter valued at approximately $148,000. Moneta Group Investment Advisors LLC bought a new stake in Zebra Technologies in the second quarter valued at approximately $158,000. KCM Investment Advisors LLC bought a new stake in Zebra Technologies in the second quarter valued at approximately $201,000. Finally, Signition LP bought a new stake in Zebra Technologies in the second quarter valued at approximately $202,000. 87.45% of the stock is owned by institutional investors.

ZBRA has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on Zebra Technologies from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. They noted that the move was a valuation call. Northcoast Research set a $200.00 price target on Zebra Technologies and gave the stock a “buy” rating in a report on Tuesday, August 7th. JPMorgan Chase & Co. set a $170.00 price target on Zebra Technologies and gave the stock a “buy” rating in a report on Monday, August 6th. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Finally, Zacks Investment Research upgraded Zebra Technologies from a “sell” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Saturday, November 17th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $180.22.

In related news, Director Andrew K. Ludwick sold 34,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $178.04, for a total value of $6,053,360.00. Following the completion of the sale, the director now directly owns 34,952 shares of the company’s stock, valued at approximately $6,222,854.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joachim Heel sold 2,480 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $182.38, for a total value of $452,302.40. Following the completion of the sale, the senior vice president now directly owns 24,412 shares of the company’s stock, valued at $4,452,260.56. The disclosure for this sale can be found here. Insiders have sold a total of 71,640 shares of company stock worth $12,930,449 over the last 90 days. Company insiders own 2.30% of the company’s stock.

Zebra Technologies stock opened at $179.80 on Monday. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 28.09 and a beta of 1.55. Zebra Technologies has a 52-week low of $101.49 and a 52-week high of $184.75. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 1.51.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.28. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 EPS. As a group, sell-side analysts forecast that Zebra Technologies will post 10.04 EPS for the current year.

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About Zebra Technologies

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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