6,371 Zebra Technologies Corporation $ZBRA Shares Sold by Redmond Asset Management LLC

Key Points

• Redmond Asset Management cut its Zebra Technologies stake by 37.4% in the third quarter, selling 6,371 shares and retaining 10,654 shares valued at approximately $3.98 million.
• Institutional ownership remains high at 91.03%, with several major investors increasing their positions, including Dimensional Fund Advisors, Arrowstreet Capital and Swedbank.
• Zebra reported quarterly earnings of $6.35 per share, well above the $4.36 consensus estimate, while revenue rose 20.4% year over year to $1.56 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $385.83.

Redmond Asset Management LLC lessened its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 37.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,654 shares of the industrial products company's stock after selling 6,371 shares during the quarter. Zebra Technologies accounts for 1.2% of Redmond Asset Management LLC's portfolio, making the stock its 21st largest position. Redmond Asset Management LLC's holdings in Zebra Technologies were worth $3,977,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Zebra Technologies by 37.0% in the first quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company's stock worth $143,473,000 after purchasing an additional 185,387 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Zebra Technologies by 3.4% during the first quarter. Lazard Asset Management LLC now owns 623,965 shares of the industrial products company's stock valued at $130,459,000 after buying an additional 20,567 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Zebra Technologies by 111.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company's stock valued at $104,671,000 after buying an additional 264,015 shares during the last quarter. Swedbank AB grew its stake in shares of Zebra Technologies by 958.0% during the first quarter. Swedbank AB now owns 417,898 shares of the industrial products company's stock valued at $87,374,000 after buying an additional 378,400 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Zebra Technologies by 22.9% during the first quarter. Bank of America Corp DE now owns 291,031 shares of the industrial products company's stock valued at $60,849,000 after buying an additional 54,222 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $384.70 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.52 and a quick ratio of 0.33. The company has a market capitalization of $18.32 billion, a P/E ratio of 35.20 and a beta of 1.58. The company's 50-day simple moving average is $367.07 and its two-hundred day simple moving average is $279.34. Zebra Technologies Corporation has a one year low of $199.05 and a one year high of $392.78.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $6.35 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.99. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. Zebra Technologies had a net margin of 9.22% and a return on equity of 22.29%. The company's revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 earnings per share. Zebra Technologies has set its Q3 2026 guidance at 4.700-4.900 EPS and its FY 2026 guidance at 20.750-21.250 EPS. As a group, equities analysts anticipate that Zebra Technologies Corporation will post 18.07 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ZBRA shares. Zacks Research downgraded Zebra Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. UBS Group restated a "buy" rating on shares of Zebra Technologies in a report on Wednesday, August 5th. Weiss Ratings raised Zebra Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 13th. Needham & Company LLC increased their target price on Zebra Technologies from $410.00 to $435.00 and gave the stock a "buy" rating in a research note on Tuesday, September 15th. Finally, Citigroup reiterated a "buy" rating on shares of Zebra Technologies in a research report on Monday, October 12th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and an average target price of $385.83.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Linda Connly sold 500 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $377.68, for a total value of $188,840.00. Following the completion of the sale, the director directly owned 3,708 shares in the company, valued at approximately $1,400,437.44. This represents a 11.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Cho sold 3,500 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $375.20, for a total value of $1,313,200.00. Following the transaction, the insider directly owned 5,170 shares in the company, valued at $1,939,784. The trade was a 40.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.91% of the company's stock.

Zebra Technologies Company Profile

Zebra Technologies Corp. NASDAQ: ZBRA develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company's portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.

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