383,703 Zebra Technologies Corporation $ZBRA Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group increased its Zebra Technologies stake by 8,890.2% in the third quarter, adding 383,703 shares to hold 388,019 shares valued at about $144.9 million.
• Zebra beat quarterly estimates, reporting EPS of $4.95 and revenue of $1.61 billion; revenue rose 22.3% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $388.15; 11 analysts rate the stock Buy and five rate it Hold.

Aberdeen Group plc increased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 8,890.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 388,019 shares of the industrial products company's stock after purchasing an additional 383,703 shares during the quarter. Aberdeen Group plc owned approximately 0.81% of Zebra Technologies worth $144,851,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Provenance Wealth Advisors LLC raised its position in shares of Zebra Technologies by 7,450.0% in the third quarter. Provenance Wealth Advisors LLC now owns 151 shares of the industrial products company's stock valued at $56,000 after purchasing an additional 149 shares during the period. Heritage Family Offices LLP bought a new stake in shares of Zebra Technologies during the 3rd quarter worth $71,000. Fulcrum Asset Management LLP bought a new stake in shares of Zebra Technologies during the 3rd quarter worth $79,000. Parkside Financial Bank & Trust boosted its holdings in shares of Zebra Technologies by 33.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 222 shares of the industrial products company's stock worth $58,000 after buying an additional 56 shares during the period. Finally, Community Financial Services Group LLC grew its stake in Zebra Technologies by 57.0% in the 3rd quarter. Community Financial Services Group LLC now owns 223 shares of the industrial products company's stock valued at $84,000 after buying an additional 81 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $324.00 on Friday. The stock has a market cap of $15.43 billion, a P/E ratio of 26.15 and a beta of 1.61. Zebra Technologies Corporation has a one year low of $199.05 and a one year high of $392.78. The company has a fifty day moving average price of $361.71 and a 200 day moving average price of $284.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.57 and a quick ratio of 0.36.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $0.06. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. Zebra Technologies had a net margin of 9.80% and a return on equity of 23.94%. The business's quarterly revenue was up 22.3% on a year-over-year basis. During the same period last year, the business posted $3.88 EPS. Analysts anticipate that Zebra Technologies Corporation will post 18.16 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on ZBRA. Morgan Stanley raised their target price on shares of Zebra Technologies from $360.00 to $380.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 4th. Truist Financial boosted their target price on shares of Zebra Technologies from $355.00 to $378.00 and gave the stock a "hold" rating in a research report on Monday, October 5th. Zacks Research lowered shares of Zebra Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. TD Cowen upped their price target on shares of Zebra Technologies from $400.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Barclays raised their price target on Zebra Technologies from $416.00 to $432.00 and gave the company an "overweight" rating in a research report on Wednesday, November 4th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $388.15.

Zebra Technologies Profile

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations. The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.

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