Eagle Bay Advisors LLC Takes Position 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 position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 810 shares of the industrial products company's stock, valued at approximately $250,000.

Other large investors also recently modified their holdings of the company. Brown Advisory Inc. lifted its holdings in shares of Zebra Technologies by 8.7% during the first quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock worth $495,000 after buying an additional 140 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zebra Technologies by 33.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock worth $2,236,000 after buying an additional 1,964 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Zebra Technologies by 1.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after purchasing an additional 66 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Zebra Technologies by 6.3% during the first quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after purchasing an additional 1,267 shares during the period. Finally, Private Client Services LLC bought a new stake in shares of Zebra Technologies during the second quarter valued at approximately $1,054,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Zebra Technologies stock traded down $1.80 on Tuesday, reaching $313.61. The company's stock had a trading volume of 211,685 shares, compared to its average volume of 579,296. 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 market cap of $15.95 billion, a price-to-earnings ratio of 29.54 and a beta of 1.79. The business's fifty day moving average price is $320.83 and its 200 day moving average price is $293.05. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve 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 EPS for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The business's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Equities analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ZBRA. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a research report on Thursday, July 10th. Truist Financial boosted their price objective on Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their price objective on Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Needham & Company LLC boosted their price objective on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.