1,338 Shares in Zebra Technologies Corporation (NASDAQ:ZBRA) Acquired by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has acquired a new position in Zebra Technologies, purchasing 1,338 shares valued at approximately $378,000.
• Multiple institutional investors have increased their stakes in Zebra Technologies, including Kovitz Investment Group and Pacer Advisors, showcasing strong investor confidence.
• Analysts have raised their price targets for Zebra Technologies, with a consensus rating of "Moderate Buy" and an average target price of $357.44.

Aigen Investment Management LP purchased a new position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,338 shares of the industrial products company's stock, valued at approximately $378,000.

Other institutional investors have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new stake in Zebra Technologies during the fourth quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in Zebra Technologies during the first quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Zebra Technologies during the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Zebra Technologies during the 1st quarter worth approximately $30,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded down $10.09 during midday trading on Thursday, hitting $327.71. The company's stock had a trading volume of 604,799 shares, compared to its average volume of 655,559. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 30.95 and a beta of 1.75. The stock's 50 day simple moving average is $316.01 and its 200 day simple moving average is $298.33. 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 earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business earned $3.18 earnings per share. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, research analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its board has initiated a share repurchase plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of research reports. Barclays set a $301.00 price target on Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Robert W. Baird increased their price target on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Citigroup reissued a "neutral" rating and set a $342.00 price objective (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $357.44.

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.