Impact Partnership Wealth LLC Purchases Shares of 1,022 Zebra Technologies Corporation (NASDAQ:ZBRA)

Impact Partnership Wealth LLC purchased a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,022 shares of the industrial products company's stock, valued at approximately $289,000.

Several other hedge funds also recently bought and sold shares of ZBRA. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Zebra Technologies in the first quarter worth approximately $30,000. Forum Financial Management LP raised its holdings in Zebra Technologies by 9.7% in the first quarter. Forum Financial Management LP now owns 1,020 shares of the industrial products company's stock valued at $288,000 after buying an additional 90 shares during the period. Victory Capital Management Inc. raised its stake in shares of Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after purchasing an additional 255,193 shares during the period. Larson Financial Group LLC raised its stake in shares of Zebra Technologies by 44.3% during the first quarter. Larson Financial Group LLC now owns 612 shares of the industrial products company's stock valued at $173,000 after purchasing an additional 188 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in shares of Zebra Technologies by 80.8% during the first quarter. Wealthfront Advisers LLC now owns 13,070 shares of the industrial products company's stock valued at $3,693,000 after purchasing an additional 5,841 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Up 0.6%

ZBRA opened at $331.73 on Friday. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 31.38 and a beta of 1.75. The business has a 50 day moving average of $302.80 and a 200-day moving average of $307.23.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. Zebra Technologies's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $2.84 earnings per share. As a group, sell-side analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZBRA. Robert W. Baird boosted their target price on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Barclays lowered their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, UBS Group reduced their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $350.82.

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.

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