Kestra Investment Management LLC Boosts Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• Kestra Investment Management LLC significantly increased its stake in Zebra Technologies by 2,643.8%, acquiring an additional 3,437 shares, bringing total ownership to 3,567 shares valued at approximately $1 million.
• Zebra Technologies reported earnings of $3.61 per share for the last quarter, exceeding estimates, and announced a $250 million stock buyback plan indicating confidence in its valuation.
• Several analysts have raised price targets for Zebra Technologies, with a consensus average target price of $357.44 and ratings that include one Strong Buy and several Buy recommendations.

Kestra Investment Management LLC lifted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 2,643.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,567 shares of the industrial products company's stock after purchasing an additional 3,437 shares during the quarter. Kestra Investment Management LLC's holdings in Zebra Technologies were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

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

Zebra Technologies Stock Down 1.1%

ZBRA stock traded down $3.36 during trading on Friday, hitting $312.65. 516,923 shares of the stock traded hands, compared to its average volume of 452,336. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The firm's 50 day moving average is $321.40 and its two-hundred day moving average is $292.46. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $3.18 EPS. The business's quarterly revenue was up 6.2% compared to the same quarter last year. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. On average, sell-side analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies announced that its Board of Directors has initiated a share repurchase 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 repurchase up to 1.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Truist Financial lifted their target price 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. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective for the company in a research report on Thursday, July 10th. Robert W. Baird raised their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Finally, BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $357.44.

About Zebra Technologies

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.