Allianz Asset Management GmbH Cuts Stake in Zebra Technologies Corporation $ZBRA

Key Points

• Allianz Asset Management GmbH has reduced its stake in Zebra Technologies Corporation by 75%, leaving it with 62,058 shares valued at approximately $19.1 million.
• Several institutional investors have increased their positions in Zebra Technologies, including Twin Tree Management LP, which boosted its stake by over 38,000%.
• Zebra Technologies reported a record earnings per share (EPS) of $3.61 for the last quarter, exceeding analyst estimates and signaling a positive financial outlook.

Allianz Asset Management GmbH decreased its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 75.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,058 shares of the industrial products company's stock after selling 186,570 shares during the period. Allianz Asset Management GmbH owned approximately 0.12% of Zebra Technologies worth $19,136,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ZBRA. Twin Tree Management LP boosted its position in Zebra Technologies by 38,011.1% during the 2nd quarter. Twin Tree Management LP now owns 10,290 shares of the industrial products company's stock valued at $3,173,000 after buying an additional 10,263 shares during the period. Equitable Trust Co. boosted its position in Zebra Technologies by 87.4% during the 2nd quarter. Equitable Trust Co. now owns 3,032 shares of the industrial products company's stock valued at $935,000 after buying an additional 1,414 shares during the period. Boston Trust Walden Corp boosted its position in Zebra Technologies by 6.2% during the 2nd quarter. Boston Trust Walden Corp now owns 173,652 shares of the industrial products company's stock valued at $53,547,000 after buying an additional 10,074 shares during the period. Moran Wealth Management LLC boosted its position in Zebra Technologies by 99.8% during the 2nd quarter. Moran Wealth Management LLC now owns 1,834 shares of the industrial products company's stock valued at $566,000 after buying an additional 916 shares during the period. Finally, Cascade Investment Advisors Inc. boosted its position in Zebra Technologies by 2.7% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 4,671 shares of the industrial products company's stock valued at $1,440,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Down 0.2%

Shares of NASDAQ ZBRA opened at $293.31 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The firm has a market capitalization of $14.91 billion, a PE ratio of 27.70 and a beta of 1.75. The firm has a fifty day simple moving average of $309.25 and a two-hundred day simple moving average of $295.05.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.30. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. Zebra Technologies's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business 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 analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ZBRA shares. Zacks Research cut shares of Zebra Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Zebra Technologies in a research report on Wednesday, October 8th. Barclays set a $375.00 price target on shares of Zebra Technologies in a research report on Tuesday, October 7th. Robert W. Baird upped their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Finally, Truist Financial upped their price objective on shares of Zebra Technologies from $319.00 to $350.00 and gave the stock a "hold" rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $369.56.

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.

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