Eagle Bay Advisors LLC Invests $250,000 in Zebra Technologies Corporation $ZBRA

Key Points

• Eagle Bay Advisors LLC has invested $250,000 in Zebra Technologies, acquiring 810 shares in the 2nd quarter.
• The company received multiple analyst upgrades, with target prices now ranging from $301.00 to $408.00, indicating a positive outlook.
• Zebra Technologies reported strong quarterly earnings, exceeding estimates with $3.61 EPS, and announced a stock repurchase plan worth $250 million, suggesting confidence in its valuation.

Eagle Bay Advisors LLC purchased a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 810 shares of the industrial products company's stock, valued at approximately $250,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV acquired a new position in Zebra Technologies in the 4th quarter valued at about $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of Zebra Technologies during the 1st quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in Zebra Technologies in the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Zebra Technologies in the first quarter valued at about $30,000. Finally, Brooklyn Investment Group raised its stake in Zebra Technologies by 101.9% in the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after buying an additional 54 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded down $4.34 during midday trading on Friday, reaching $318.54. 630,499 shares of the company traded hands, compared to its average volume of 461,349. The stock's 50-day simple moving average is $320.97 and its 200-day simple moving average is $292.89. 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 firm has a market cap of $16.20 billion, a PE ratio of 30.08 and a beta of 1.79. 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 posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.30. The firm had revenue of $1.29 billion for 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 company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $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. As a group, equities analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies declared that its board has authorized a share repurchase program on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of recent research reports. Barclays set a $301.00 price objective on Zebra Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a report on Thursday, July 10th. Truist Financial upped their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Zacks Research raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Finally, Needham & Company LLC raised their target price on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies 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.