Moran Wealth Management LLC acquired a new position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 918 shares of the industrial products company's stock, valued at approximately $259,000.
Other large investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies during the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies in the 4th quarter valued at $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies during the 4th quarter worth $35,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Zebra Technologies in the fourth quarter valued at $36,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.
Zebra Technologies Stock Performance
Shares of Zebra Technologies stock traded up $7.12 on Tuesday, reaching $315.48. 452,018 shares of the stock were exchanged, compared to its average volume of 479,041. The firm has a market capitalization of $16.04 billion, a PE ratio of 29.85 and a beta of 1.75. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The business has a fifty day moving average price of $284.00 and a two-hundred day moving average price of $313.31. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.84 EPS. As a group, research analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently issued reports on ZBRA. Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Barclays lowered their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Morgan Stanley raised their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Finally, Needham & Company LLC reduced their target price 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. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $331.20.
Get Our Latest Report on ZBRA
Zebra Technologies Profile
(
Free Report)
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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