Corient IA LLC Buys Shares of 1,000 Zebra Technologies Corporation $ZBRA

Key Points

• Corient IA LLC acquired a new position in Zebra Technologies, purchasing 1,000 shares valued at approximately $283,000 during the first quarter.
• Zebra Technologies' stock recently received a range of new price targets from analysts, with UBS Group lowering its target from $425.00 to $410.00, while Robert W. Baird increased it to $367.00, maintaining an "outperform" rating.
• Despite a 3.0% drop in shares recently, Zebra reported strong quarterly earnings with an EPS of $3.61, surpassing estimates and indicating a 6.2% revenue increase year-over-year.

Corient IA LLC purchased a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,000 shares of the industrial products company's stock, valued at approximately $283,000.

A number of other hedge funds have also recently added to or reduced their stakes in ZBRA. American Century Companies Inc. lifted its holdings in shares of Zebra Technologies by 63.3% in the first quarter. American Century Companies Inc. now owns 3,332 shares of the industrial products company's stock valued at $941,000 after purchasing an additional 1,292 shares in the last quarter. Aberdeen Group plc raised its stake in shares of Zebra Technologies by 106.5% in the first quarter. Aberdeen Group plc now owns 37,552 shares of the industrial products company's stock valued at $10,541,000 after buying an additional 19,364 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Zebra Technologies by 13.3% in the first quarter. Dimensional Fund Advisors LP now owns 417,371 shares of the industrial products company's stock valued at $117,916,000 after buying an additional 49,052 shares during the period. Horizon Investments LLC lifted its holdings in Zebra Technologies by 6.5% during the 1st quarter. Horizon Investments LLC now owns 750 shares of the industrial products company's stock worth $212,000 after purchasing an additional 46 shares in the last quarter. Finally, Providence Capital Advisors LLC lifted its holdings in Zebra Technologies by 2.3% during the 1st quarter. Providence Capital Advisors LLC now owns 17,644 shares of the industrial products company's stock worth $4,986,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Up 4.6%

Shares of ZBRA traded up $14.28 on Friday, reaching $322.79. The stock had a trading volume of 494,743 shares, compared to its average volume of 593,347. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 30.48 and a beta of 1.75. 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 company has a 50-day simple moving average of $317.65 and a 200-day simple moving average of $295.45. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its 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. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.18 EPS. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Sell-side analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup reissued a "neutral" rating and set a $342.00 price objective (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Wall Street Zen cut Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. 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, July 14th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, UBS Group reduced their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $357.44.

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.