Korea Investment CORP Buys 7,003 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Korea Investment CORP increased its stake in Zebra Technologies by 21.6%, acquiring an additional 7,003 shares to reach a total of 39,410 shares valued at approximately $11.1 million.
• Analysts have set a new average price target of $357.44 for Zebra Technologies, with recent upgrades including a move from "neutral" to "outperform" by BNP Paribas Exane.
• Zebra Technologies has initiated a $250 million stock buyback program, reflecting a belief by leadership that the stock is undervalued.

Korea Investment CORP grew its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 21.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,410 shares of the industrial products company's stock after purchasing an additional 7,003 shares during the period. Korea Investment CORP owned approximately 0.08% of Zebra Technologies worth $11,136,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ZBRA. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $30,000. Finally, Brooklyn Investment Group lifted its stake in shares of Zebra Technologies by 101.9% in the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 54 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ZBRA has been the topic of several recent analyst reports. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target on the stock in a report on Thursday, July 10th. Citigroup reiterated a "neutral" rating and issued a $342.00 price target (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Needham & Company LLC increased their price target on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. One research 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Trading Up 1.2%

ZBRA opened at $308.51 on Friday. The stock's fifty day moving average is $317.65 and its two-hundred day moving average is $295.45. The company has a market capitalization of $15.69 billion, a P/E ratio of 29.13 and a beta of 1.75. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping the consensus estimate of $3.31 by $0.30. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.Zebra Technologies's quarterly revenue was up 6.2% on a year-over-year basis. During the same period 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. Analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its board has approved a stock repurchase program on Tuesday, August 5th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

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.

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