Ieq Capital LLC Grows Stock Position in Zebra Technologies Corporation $ZBRA

Key Points

• Ieq Capital LLC increased its stake in Zebra Technologies by 131.9%, owning 13,567 shares valued at approximately $3.83 million at the end of the last quarter.
• Analysts have raised their price targets for Zebra Technologies, with BNP Paribas advising an "outperform" rating and a $408 price target, indicating positive market sentiment.
• Zebra Technologies recently announced a $250 million stock repurchase plan, signaling management's belief that the stock is undervalued amid a solid earnings report that surpassed analysts' expectations.

Ieq Capital LLC increased its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 131.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,567 shares of the industrial products company's stock after purchasing an additional 7,716 shares during the quarter. Ieq Capital LLC's holdings in Zebra Technologies were worth $3,833,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. raised its stake in Zebra Technologies by 8.7% during the first quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock valued at $495,000 after buying an additional 140 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Zebra Technologies by 33.0% in 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 acquiring an additional 1,964 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Zebra Technologies by 1.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock worth $981,000 after acquiring an additional 66 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Zebra Technologies by 6.3% in the first quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after acquiring an additional 1,267 shares during the period. Finally, Allworth Financial LP grew its holdings in Zebra Technologies by 29.7% during the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup reissued a "neutral" rating and set a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Robert W. Baird boosted their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Needham & Company LLC boosted their target price on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Finally, Morgan Stanley upped 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Stock Performance

ZBRA stock traded up $5.54 during midday trading on Thursday, reaching $311.25. The stock had a trading volume of 416,756 shares, compared to its average volume of 489,285. The stock has a market cap of $15.83 billion, a PE ratio of 29.39 and a beta of 1.78. 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 fifty day simple moving average of $321.93 and a two-hundred day simple moving average of $292.88. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The company had revenue of $1.29 billion during 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 firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $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 research analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its board has authorized a share buyback plan on Tuesday, August 5th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board 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.