Apollon Wealth Management LLC Buys 3,088 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Apollon Wealth Management LLC grew its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 273.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,219 shares of the industrial products company's stock after acquiring an additional 3,088 shares during the quarter. Apollon Wealth Management LLC's holdings in Zebra Technologies were worth $1,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Zebra Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after acquiring an additional 55,130 shares in the last quarter. Invesco Ltd. grew its position in Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock valued at $549,586,000 after acquiring an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Zebra Technologies by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after purchasing an additional 86,766 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after purchasing an additional 30,496 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after acquiring an additional 379,491 shares during the period. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $329.90 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The stock has a market capitalization of $16.78 billion, a PE ratio of 31.21 and a beta of 1.75. The stock's 50-day moving average price is $301.50 and its 200-day moving average price is $308.15.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.84 earnings per share. As a group, equities analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZBRA. Barclays decreased their price objective on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird upped their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research note on Monday. Needham & Company LLC decreased their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $350.82.

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.

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