Allspring Global Investments Holdings LLC Sells 33,697 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Zebra Technologies Corporation by 31.7%, selling 33,697 shares and leaving it with a total of 72,729 shares valued at approximately $22.9 million.
• Institutional investors own over 91% of Zebra's stock, with several hedge funds, including Vanguard and JP Morgan, increasing their holdings during the last quarter.
• Zebra Technologies received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a target price averaging $369.56, reflecting varying outlooks on the company's stock performance.

Allspring Global Investments Holdings LLC lowered its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 31.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,729 shares of the industrial products company's stock after selling 33,697 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.14% of Zebra Technologies worth $22,945,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Zebra Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock worth $1,798,627,000 after acquiring an additional 104,940 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Zebra Technologies by 27.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after acquiring an additional 255,193 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Zebra Technologies by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock worth $276,375,000 after acquiring an additional 43,500 shares during the last quarter. Northern Trust Corp grew its holdings in Zebra Technologies by 15.8% during the 1st quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company's stock worth $162,718,000 after acquiring an additional 78,506 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Zebra Technologies by 36.4% during the 1st quarter. Bank of New York Mellon Corp now owns 442,788 shares of the industrial products company's stock worth $125,114,000 after acquiring an additional 118,247 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research lowered shares of Zebra Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday. Citigroup upped their target price on shares of Zebra Technologies from $340.00 to $346.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Morgan Stanley upped their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Barclays set a $375.00 target price on shares of Zebra Technologies in a research report on Tuesday, October 7th. Finally, BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $369.56.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA opened at $293.93 on Friday. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 27.76 and a beta of 1.75. The firm's 50 day simple moving average is $309.74 and its 200 day simple moving average is $294.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. The business had revenue of $1.29 billion for 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%. Zebra Technologies's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the company posted $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. As a group, sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors 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.

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