Nordea Investment Management AB Cuts Stock Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• Nordea Investment Management AB reduced its holdings in Zebra Technologies by 13.6% to 51,777 shares during the 2nd quarter, valuing its stake at approximately $16 million.
• Several institutional investors, including Tokio Marine Asset Management and Allworth Financial, have increased their stakes in Zebra Technologies, with 91.03% of the stock now owned by such investors.
• Equities analysts have generally positive outlooks on Zebra Technologies, with target prices ranging up to $408 and a consensus rating of "Moderate Buy."

Nordea Investment Management AB trimmed its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 13.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,777 shares of the industrial products company's stock after selling 8,169 shares during the period. Nordea Investment Management AB owned 0.10% of Zebra Technologies worth $16,069,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Zebra Technologies by 1.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company's stock worth $527,000 after buying an additional 35 shares in the last quarter. Allworth Financial LP grew its stake in shares of Zebra Technologies by 29.7% in the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after buying an additional 44 shares in the last quarter. Horizon Investments LLC grew its stake in shares of Zebra Technologies by 6.5% in the 1st quarter. Horizon Investments LLC now owns 750 shares of the industrial products company's stock worth $212,000 after buying an additional 46 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Zebra Technologies by 15.8% in the 1st quarter. Whittier Trust Co. now owns 344 shares of the industrial products company's stock worth $97,000 after buying an additional 47 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Zebra Technologies by 81.7% in the 2nd quarter. Blue Trust Inc. now owns 109 shares of the industrial products company's stock worth $34,000 after buying an additional 49 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ZBRA shares. Truist Financial lifted their price objective on shares of Zebra Technologies from $319.00 to $350.00 and gave the stock a "hold" rating in a research note on Wednesday, October 8th. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a report on Thursday, July 10th. Barclays set a $375.00 target price on shares of Zebra Technologies in a report on Tuesday, October 7th. Finally, Citigroup raised their target price on shares of Zebra Technologies from $340.00 to $346.00 and gave the stock a "neutral" rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $369.56.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $293.31 on Monday. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 27.70 and a beta of 1.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The firm has a 50-day moving average of $309.25 and a two-hundred day moving average of $295.05.

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 company had revenue of $1.29 billion during 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 firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.18 EPS. 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, research analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its board has initiated a stock repurchase plan on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are 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.

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