Meridian Management Co. Buys 3,639 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• Meridian Management Co. increased its stake in Zebra Technologies Corporation by 34.9%, purchasing an additional 3,639 shares to bring its total to 14,070 shares, valued at approximately $3,976,000.
• Zebra Technologies recently reported earnings of $4.02 per share, surpassing analysts' expectations of $3.60, and showing a revenue increase of 11.3% year-over-year to $1.31 billion.
• The stock has a current market capitalization of $17.07 billion and a 12-month price range between $205.73 and $427.76.

Meridian Management Co. raised its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 34.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,070 shares of the industrial products company's stock after purchasing an additional 3,639 shares during the quarter. Zebra Technologies accounts for approximately 1.2% of Meridian Management Co.'s holdings, making the stock its 25th biggest position. Meridian Management Co.'s holdings in Zebra Technologies were worth $3,976,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Zebra Technologies by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,040 shares of the industrial products company's stock valued at $788,000 after acquiring an additional 213 shares during the period. LPL Financial LLC boosted its stake in Zebra Technologies by 14.8% in the 4th quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock worth $13,057,000 after purchasing an additional 4,347 shares during the period. Korea Investment CORP boosted its stake in Zebra Technologies by 48.6% in the 4th quarter. Korea Investment CORP now owns 32,407 shares of the industrial products company's stock worth $12,516,000 after purchasing an additional 10,597 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Zebra Technologies by 13.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 81,881 shares of the industrial products company's stock worth $32,086,000 after purchasing an additional 9,931 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Zebra Technologies by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company's stock worth $360,965,000 after purchasing an additional 27,544 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Up 5.2%

ZBRA stock traded up $17.29 during midday trading on Thursday, reaching $349.68. The company's stock had a trading volume of 724,931 shares, compared to its average volume of 573,326. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The stock has a fifty day simple moving average of $308.35 and a two-hundred day simple moving average of $304.52. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The firm has a market capitalization of $17.78 billion, a price-to-earnings ratio of 33.08 and a beta of 1.75.

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

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of research reports. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird increased their target price on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Barclays lowered their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research report on Thursday, July 10th. Finally, UBS Group lowered their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $348.40.

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.