Zebra Technologies Corporation $ZBRA Shares Purchased by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets significantly increased its holdings in Zebra Technologies Corporation by 105% during the 1st quarter, owning about 0.39% of the company valued at $57.2 million.
• The company has received several upgrades from analysts, with a new average price target of $357.44 and ratings ranging from "Strong Buy" to "Hold".
• Zebra Technologies recently reported earnings of $3.61 per share, exceeding analysts' expectations, and announced a $250 million stock buyback plan, indicating confidence in its stock value.

BNP Paribas Financial Markets grew its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 105.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,564 shares of the industrial products company's stock after buying an additional 103,760 shares during the period. BNP Paribas Financial Markets owned 0.39% of Zebra Technologies worth $57,236,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new stake in shares of Zebra Technologies in the 4th quarter worth $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of Zebra Technologies in the 1st quarter worth $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Zebra Technologies in the 1st quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Zebra Technologies in the 1st quarter worth $30,000. Finally, Brooklyn Investment Group lifted its stake in shares of 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 acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. 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 report on Wednesday, August 6th. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a report on Thursday, July 10th. Citigroup reiterated a "neutral" rating and issued a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. 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 report on Wednesday, August 6th. Finally, BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Trading Up 1.9%

Shares of ZBRA traded up $5.72 during mid-day trading on Thursday, reaching $311.43. The company had a trading volume of 233,998 shares, compared to its average volume of 585,498. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm has a fifty day simple moving average of $321.88 and a 200-day simple moving average of $292.93. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 29.40 and a beta of 1.78. 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 (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $1.29 billion. During the same period in the previous year, the company earned $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. On average, sell-side analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its Board of Directors has authorized 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 purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership 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.