Millennium Management LLC Boosts Stock Position in Zebra Technologies Corporation $ZBRA

Millennium Management LLC grew its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 43.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,569 shares of the industrial products company's stock after acquiring an additional 63,325 shares during the quarter. Millennium Management LLC owned about 0.41% of Zebra Technologies worth $59,498,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ZBRA. Investment Management Corp VA ADV bought a new position in shares of Zebra Technologies in the 4th quarter worth approximately $27,000. Zions Bancorporation National Association UT bought a new position in shares of Zebra Technologies in the 1st quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Zebra Technologies in the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Zebra Technologies in the 1st quarter worth 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 worth $30,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ZBRA shares. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a research note on Thursday, July 10th. Morgan Stanley raised their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Barclays set a $301.00 target price on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Citigroup restated a "neutral" rating and set a $342.00 target price (up previously from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. Finally, Needham & Company LLC raised their target price on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded down $3.36 on Friday, hitting $312.65. 516,923 shares of the company traded hands, compared to its average volume of 452,336. The stock has a market capitalization of $15.90 billion, a P/E ratio of 29.52 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. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The business has a 50-day simple moving average of $321.40 and a 200 day simple moving average of $292.65.

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

Zebra Technologies announced that its board has initiated a stock repurchase plan on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding 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 usually an indication that the company's board of directors 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.