Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 34.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,454 shares of the industrial products company's stock after purchasing an additional 3,960 shares during the period. Cerity Partners LLC's holdings in Zebra Technologies were worth $4,367,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV lifted its stake in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares in the last quarter. Investment Management Corp VA ADV acquired a new position in Zebra Technologies during the fourth quarter worth $27,000. Coppell Advisory Solutions LLC acquired a new position in Zebra Technologies during the fourth quarter worth $36,000. Allworth Financial LP lifted its stake in Zebra Technologies by 29.7% during the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after purchasing an additional 44 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in Zebra Technologies during the fourth quarter worth $61,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 0.6%

Shares of NASDAQ:ZBRA traded up $1.83 on Friday, hitting $331.73. 426,631 shares of the company's stock were exchanged, compared to its average volume of 482,748. The firm's 50-day moving average is $301.50 and its 200 day moving average is $308.15. The company has a market capitalization of $16.87 billion, a PE ratio of 31.38 and a beta of 1.75. 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 0.58, a quick ratio of 1.02 and a current ratio of 1.45.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.84 EPS. Sell-side analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several analyst reports. Wall Street Zen cut Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Robert W. Baird boosted their price objective on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a research note on Thursday, July 10th. Morgan Stanley lifted their price target on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. Finally, Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $350.82.

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.