Millennium Management LLC Has $59.50 Million Holdings in Zebra Technologies Corporation $ZBRA

Millennium Management LLC increased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 43.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,569 shares of the industrial products company's stock after purchasing an additional 63,325 shares during the period. Millennium Management LLC owned 0.41% of Zebra Technologies worth $59,498,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ZBRA. Alyeska Investment Group L.P. bought a new stake in shares of Zebra Technologies in the 1st quarter worth $99,995,000. Victory Capital Management Inc. raised its stake in shares of Zebra Technologies by 27.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after buying an additional 255,193 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Zebra Technologies by 5,704.9% in the 1st quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock worth $73,286,000 after buying an additional 254,895 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Zebra Technologies by 20,849.2% in the 1st quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock worth $72,335,000 after buying an additional 254,777 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Zebra Technologies in the 1st quarter worth $46,633,000. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Down 1.1%

Shares of ZBRA stock traded down $3.36 on Friday, reaching $312.65. 516,923 shares of the company's stock traded hands, compared to its average volume of 452,336. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The company has a market capitalization of $15.90 billion, a P/E ratio of 29.52 and a beta of 1.78. The business's 50 day moving average price is $321.40 and its two-hundred day moving average price is $292.46.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $3.18 earnings per share. Zebra Technologies's revenue for the quarter 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, equities analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of a number of recent research reports. Barclays set a $301.00 target price on Zebra Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Morgan Stanley lifted their target price on Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Citigroup restated a "neutral" rating and issued a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned 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 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.