Zebra Technologies Corporation $ZBRA Shares Purchased by Allstate Corp

Key Points

• Allstate Corp increased its stake in Zebra Technologies by 119.3% during Q1, acquiring an additional 1,756 shares for a total of 3,228 shares valued at approximately $912,000.
• Several institutional investors, including Vanguard Group and Victory Capital Management, have also expanded their investments in Zebra Technologies, signifying strong institutional interest.
• Zebra Technologies reported $3.61 EPS for the last quarter, exceeding estimates, and has initiated a $250 million stock buyback program indicating confidence in its stock value.

Allstate Corp lifted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 119.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,228 shares of the industrial products company's stock after acquiring an additional 1,756 shares during the period. Allstate Corp's holdings in Zebra Technologies were worth $912,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brown Advisory Inc. lifted its holdings in shares of Zebra Technologies by 8.7% during the 1st quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock worth $495,000 after acquiring an additional 140 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Zebra Technologies by 33.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after buying an additional 1,964 shares during the period. Coldstream Capital Management Inc. lifted its position in Zebra Technologies by 6.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after buying an additional 72 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Zebra Technologies by 1.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock worth $981,000 after buying an additional 66 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Zebra Technologies by 6.3% in the first quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after acquiring an additional 1,267 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Up 0.2%

ZBRA traded up $0.57 during trading on Thursday, hitting $322.00. The company had a trading volume of 261,770 shares, compared to its average volume of 589,174. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The company has a market cap of $16.37 billion, a PE ratio of 30.41 and a beta of 1.75. The business has a 50-day moving average of $320.18 and a 200-day moving average of $293.88.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $3.18 EPS. The firm's revenue was up 6.2% compared to the same quarter last year. 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, analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its board has approved a share buyback plan on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays set a $301.00 price target on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Needham & Company LLC increased their target price on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Profile

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.