Amundi Buys 36,330 Shares of Zebra Technologies Corporation $ZBRA

Amundi boosted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 42.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,582 shares of the industrial products company's stock after acquiring an additional 36,330 shares during the period. Amundi owned 0.24% of Zebra Technologies worth $34,637,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ZBRA. Investment Management Corp VA ADV purchased a new position in Zebra Technologies in the 4th quarter worth approximately $27,000. Zions Bancorporation National Association UT purchased a new position in Zebra Technologies in the 1st quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC purchased a new position in Zebra Technologies in the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Zebra Technologies in the 1st quarter worth approximately $30,000. Finally, Brooklyn Investment Group grew its stake in Zebra Technologies by 101.9% in the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock worth $30,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 0.5%

NASDAQ:ZBRA traded down $1.63 during midday trading on Tuesday, reaching $312.17. 426,035 shares of the stock traded hands, compared to its average volume of 466,388. The company has a fifty day moving average of $322.07 and a 200 day moving average of $292.49. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The stock has a market capitalization of $15.87 billion, a P/E ratio of 29.48 and a beta of 1.78.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business 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. On average, research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZBRA. Citigroup reissued a "neutral" rating and issued a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. Needham & Company LLC boosted their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Robert W. Baird upped their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Truist Financial upped their price objective on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Finally, Barclays set a $301.00 price objective on shares of Zebra Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.