Exchange Traded Concepts LLC Sells 3,094 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Exchange Traded Concepts LLC has reduced its holdings in Zebra Technologies by 5.9%, bringing its total shares to 49,070 with a value of approximately $15.1 million.
• Zebra Technologies reported a quarterly earnings per share of $3.61, surpassing analysts' expectations of $3.31, and its revenue matched estimates at $1.29 billion.
• The company has initiated a $250 million share buyback plan, indicating management's belief that its stock is undervalued.

Exchange Traded Concepts LLC trimmed its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,070 shares of the industrial products company's stock after selling 3,094 shares during the period. Exchange Traded Concepts LLC owned 0.10% of Zebra Technologies worth $15,131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZBRA. Alyeska Investment Group L.P. acquired a new stake in Zebra Technologies during the 1st quarter valued at $99,995,000. Victory Capital Management Inc. increased its stake in shares of Zebra Technologies by 27.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after buying an additional 255,193 shares during the period. Pacer Advisors Inc. boosted its position in shares of Zebra Technologies by 5,704.9% in the 1st quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock worth $73,286,000 after purchasing an additional 254,895 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Zebra Technologies by 20,849.2% in the 1st quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock worth $72,335,000 after purchasing an additional 254,777 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Zebra Technologies in the 1st quarter worth $46,633,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ZBRA shares. Needham & Company LLC raised their price target on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Robert W. Baird lifted their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Zacks Research upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a report on Thursday, July 10th. Finally, BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Stock Down 1.0%

Shares of Zebra Technologies stock traded down $3.13 during trading on Monday, reaching $315.41. The stock had a trading volume of 382,552 shares, compared to its average volume of 461,349. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 29.78 and a beta of 1.79. The stock has a fifty day moving average price of $320.83 and a two-hundred day moving average price of $293.05. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly 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 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 company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company 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. Sell-side analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

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