Quantitative Investment Management LLC Invests $313,000 in Zebra Technologies Corporation $ZBRA

Key Points

• Quantitative Investment Management LLC has acquired 1,109 shares of Zebra Technologies Corporation, valued at approximately $313,000, during the first quarter.
• BNP Paribas upgraded Zebra Technologies' rating from "hold" to "strong-buy," indicating increasing institutional interest in the stock.
• Zebra Technologies reported earnings of $3.61 per share for the quarter, exceeding estimates and reflecting a year-over-year revenue increase of 6.2%.

Quantitative Investment Management LLC bought a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,109 shares of the industrial products company's stock, valued at approximately $313,000.

A number of other large investors have also recently bought and sold shares of the company. Brown Advisory Inc. lifted its holdings in Zebra Technologies by 8.7% in the first quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock valued at $495,000 after acquiring an additional 140 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Zebra Technologies by 33.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after acquiring an additional 1,964 shares during the period. Coldstream Capital Management Inc. lifted its holdings in Zebra Technologies by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after acquiring an additional 72 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Zebra Technologies by 1.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after acquiring an additional 66 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in Zebra Technologies by 6.3% in the first quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after acquiring an additional 1,267 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ZBRA shares. Robert W. Baird boosted their price target on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Morgan Stanley boosted their price target on Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Citigroup reaffirmed a "neutral" rating and set a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. Truist Financial upped their target price on Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Finally, BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Trading Down 1.5%

NASDAQ:ZBRA traded down $4.91 during trading hours on Friday, hitting $317.09. The company had a trading volume of 440,532 shares, compared to its average volume of 588,246. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $320.78 and a 200 day moving average of $293.63. The company has a market cap of $16.12 billion, a P/E ratio of 29.94 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.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results 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 return on equity of 18.95% and a net margin of 10.56%.The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its board has authorized a share repurchase program on Tuesday, August 5th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

Zebra Technologies Company 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.