Credit Agricole S A Buys 1,176 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Credit Agricole S A increased its stake in Zebra Technologies Corporation by 10.9%, acquiring an additional 1,176 shares, bringing its total to 11,927 shares worth approximately $3.37 million.
• Several hedge funds have also significantly increased their holdings in Zebra Technologies, with Banco Bilbao Vizcaya Argentaria S.A. raising its stake by 44.3% this quarter.
• Zebra Technologies' quarterly earnings beat expectations, reporting $3.61 EPS compared to an estimate of $3.31, and the company announced a stock buyback program worth $250 million.

Credit Agricole S A grew its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 10.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,927 shares of the industrial products company's stock after acquiring an additional 1,176 shares during the period. Credit Agricole S A's holdings in Zebra Technologies were worth $3,370,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Zebra Technologies by 44.3% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,493 shares of the industrial products company's stock valued at $4,936,000 after acquiring an additional 5,369 shares in the last quarter. Groupama Asset Managment lifted its stake in Zebra Technologies by 12.3% in the 1st quarter. Groupama Asset Managment now owns 2,431 shares of the industrial products company's stock valued at $683,000 after purchasing an additional 266 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Zebra Technologies by 32.1% in the 1st quarter. Hsbc Holdings PLC now owns 114,044 shares of the industrial products company's stock valued at $32,148,000 after purchasing an additional 27,685 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Zebra Technologies by 41.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 51,905 shares of the industrial products company's stock valued at $14,666,000 after purchasing an additional 15,229 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in Zebra Technologies by 3.9% in the 1st quarter. Quantbot Technologies LP now owns 24,917 shares of the industrial products company's stock valued at $7,041,000 after purchasing an additional 938 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZBRA. Truist Financial raised their target price on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Morgan Stanley raised their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. UBS Group cut their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Trading Up 4.6%

Shares of ZBRA stock opened at $322.79 on Friday. The firm has a 50 day moving average price of $318.43 and a two-hundred day moving average price of $295.03. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $16.41 billion, a PE ratio of 30.48 and a beta of 1.75. 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 issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.30. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $3.18 earnings per share. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. As a group, analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its Board of Directors has approved a stock buyback program 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 programs are typically a sign that the company's management believes its shares are 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.

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