BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Zebra Technologies by 47.8%, now holding 1,583 shares valued at $447,000.
• Zebra Technologies reported $3.61 earnings per share for the latest quarter, surpassing analysts' expectations of $3.31.
• The company initiated a $250 million share buyback plan, indicating the board's belief that its stock is undervalued.

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 47.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,583 shares of the industrial products company's stock after selling 1,448 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Zebra Technologies were worth $447,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies in the fourth quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new stake in Zebra Technologies in the first quarter worth about $27,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter valued at about $36,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Zebra Technologies during the first quarter valued at about $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Zebra Technologies during the first quarter valued at about $30,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZBRA has been the subject of several analyst reports. Truist Financial increased their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Morgan Stanley increased their price target 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. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Barclays set a $301.00 price target on shares of Zebra Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Finally, Needham & Company LLC increased their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. One investment 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 has an average rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Stock Performance

Zebra Technologies stock traded down $5.12 during mid-day trading on Friday, hitting $316.89. The company had a trading volume of 38,756 shares, compared to its average volume of 585,782. 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 company's fifty day moving average is $320.78 and its 200-day moving average is $293.63. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 29.92 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping the consensus estimate of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $3.18 EPS. The business's quarterly 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. Equities 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 initiated a share repurchase plan on Tuesday, August 5th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy 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.

Zebra Technologies Company 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.