Allianz Asset Management GmbH Has $63.43 Million Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Allianz Asset Management GmbH boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 111.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,224 shares of the industrial products company’s stock after buying an additional 86,379 shares during the period. Allianz Asset Management GmbH owned about 0.32% of Zebra Technologies worth $63,427,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Creative Planning lifted its holdings in shares of Zebra Technologies by 18.1% during the third quarter. Creative Planning now owns 4,545 shares of the industrial products company’s stock valued at $1,683,000 after acquiring an additional 698 shares during the period. Blue Trust Inc. lifted its holdings in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Zebra Technologies during the third quarter valued at $247,000. Eastern Bank bought a new position in shares of Zebra Technologies during the third quarter valued at $59,000. Finally, Private Advisor Group LLC raised its holdings in shares of Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $311.05 on Friday. The firm has a market capitalization of $15.98 billion, a P/E ratio of 30.56 and a beta of 1.63. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The business has a 50-day moving average of $382.03 and a 200-day moving average of $373.38. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. On average, equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ZBRA shares. TD Cowen lifted their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird cut their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Needham & Company LLC cut their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. UBS Group cut their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

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.