DAVENPORT & Co LLC Acquires 1,973 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

DAVENPORT & Co LLC raised its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 27.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,051 shares of the industrial products company's stock after acquiring an additional 1,973 shares during the period. DAVENPORT & Co LLC's holdings in Zebra Technologies were worth $2,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZBRA. Smartleaf Asset Management LLC raised its position in shares of Zebra Technologies by 18.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 312 shares of the industrial products company's stock valued at $120,000 after buying an additional 48 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Zebra Technologies by 334.4% in the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Zebra Technologies by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 307,889 shares of the industrial products company's stock valued at $118,913,000 after buying an additional 8,910 shares in the last quarter. Keybank National Association OH raised its position in shares of Zebra Technologies by 7.4% in the fourth quarter. Keybank National Association OH now owns 1,140 shares of the industrial products company's stock valued at $440,000 after buying an additional 79 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Zebra Technologies by 5,595.4% in the fourth quarter. Assetmark Inc. now owns 8,657 shares of the industrial products company's stock valued at $3,343,000 after buying an additional 8,505 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA traded up $5.95 during trading on Tuesday, hitting $323.06. 372,910 shares of the company were exchanged, compared to its average volume of 481,863. The business's 50 day moving average is $291.68 and its 200-day moving average is $310.85. The company has a market capitalization of $16.43 billion, a P/E ratio of 30.56 and a beta of 1.75. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.84 earnings per share. Equities analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial lowered their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Barclays lowered their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and an average price target of $331.20.

About Zebra Technologies

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.