Moran Wealth Management LLC Purchases New Shares in Zebra Technologies Corporation (NASDAQ:ZBRA)

Moran Wealth Management LLC purchased a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 918 shares of the industrial products company's stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV increased its position in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after buying an additional 36 shares during the period. Investment Management Corp VA ADV acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $27,000. Picton Mahoney Asset Management acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $31,000. Avalon Trust Co acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $35,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $36,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 0.3%

Shares of NASDAQ ZBRA traded up $0.94 during mid-day trading on Friday, reaching $309.26. 893,872 shares of the company's stock traded hands, compared to its average volume of 477,073. The stock has a market cap of $15.73 billion, a P/E ratio of 29.26 and a beta of 1.75. The business has a 50-day simple moving average of $280.51 and a 200 day simple moving average of $314.62. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The business's revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $2.84 earnings per share. On average, analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ZBRA shares. UBS Group reduced their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Barclays reduced their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Morgan Stanley raised their price target on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Needham & Company LLC reduced their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial reduced their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and an average target price of $331.20.

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.