Alyeska Investment Group L.P. Purchases New Position in Zebra Technologies Corporation $ZBRA

Key Points

• Alyeska Investment Group L.P. purchased 353,890 shares of Zebra Technologies, valued at approximately $99.99 million, giving it a 0.69% ownership stake in the company.
• Zebra Technologies reported earnings per share of $3.61, exceeding expectations, alongside revenue of $1.29 billion for the quarter.
• The company announced a $250 million stock buyback plan, indicating management's confidence in the company's value.

Alyeska Investment Group L.P. purchased a new position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 353,890 shares of the industrial products company's stock, valued at approximately $99,995,000. Alyeska Investment Group L.P. owned about 0.69% of Zebra Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZBRA. Investment Management Corp VA ADV acquired a new position in Zebra Technologies in the 4th quarter valued at $27,000. Zions Bancorporation National Association UT acquired a new position in Zebra Technologies in the 1st quarter valued at $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in Zebra Technologies in the 1st quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Zebra Technologies in the 1st quarter valued at $30,000. Finally, Brooklyn Investment Group grew its stake in Zebra Technologies by 101.9% in the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after buying an additional 54 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ZBRA shares. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Barclays set a $301.00 price target on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Robert W. Baird raised their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Truist Financial raised 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. Finally, Needham & Company LLC raised their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA traded up $2.55 during midday trading on Friday, reaching $313.80. 454,927 shares of the company's stock were exchanged, compared to its average volume of 470,896. The company's 50 day simple moving average is $322.03 and its two-hundred day simple moving average is $292.76. The firm has a market capitalization of $15.96 billion, a PE ratio of 29.63 and a beta of 1.78. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $3.18 EPS. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Equities research analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 5th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

About Zebra Technologies

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.