Park Avenue Securities LLC Acquires Shares of 4,864 Zebra Technologies Corporation $ZBRA

Key Points

• Park Avenue Securities LLC has acquired a new stake in Zebra Technologies, purchasing 4,864 shares valued at approximately $1,500,000 during the second quarter.
• Analysts are optimistic about Zebra Technologies, with several firms upgrading their ratings and raising target prices, reflecting a consensus of a Moderate Buy rating for the stock.
• Zebra Technologies reported earnings of $3.61 per share for the recent quarter, exceeding estimates, while also announcing a stock buyback plan of $250 million to buy back up to 1.4% of its shares.

Park Avenue Securities LLC acquired a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,864 shares of the industrial products company's stock, valued at approximately $1,500,000.

Other large investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new position in Zebra Technologies during the 1st quarter valued at $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Zebra Technologies during the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Zebra Technologies during the first quarter worth $30,000. Brooklyn Investment Group raised its holdings in shares of Zebra Technologies by 101.9% during the first 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. Finally, Allworth Financial LP raised its holdings in shares of Zebra Technologies by 29.7% during the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after purchasing an additional 44 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. BNP Paribas Exane raised shares of 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. Zacks Research raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Truist Financial increased their target price on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Needham & Company LLC increased their target price on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Robert W. Baird increased their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Two investment analysts have 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Stock Down 2.1%

ZBRA stock opened at $301.97 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm's 50-day simple moving average is $319.94 and its 200 day simple moving average is $293.43. The stock has a market cap of $15.36 billion, a PE ratio of 28.51 and a beta of 1.78.

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 for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The business 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 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. As a group, sell-side analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its board has approved a stock buyback 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 reacquire up to 1.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management 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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