Russell Investments Group Ltd. Has $14.82 Million Stock Holdings in Zebra Technologies Corporation $ZBRA

Russell Investments Group Ltd. boosted its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,531 shares of the industrial products company's stock after purchasing an additional 3,365 shares during the period. Russell Investments Group Ltd. owned about 0.10% of Zebra Technologies worth $14,818,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ZBRA. Investment Management Corp VA ADV acquired a new stake in Zebra Technologies in the fourth quarter worth about $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of Zebra Technologies during the 1st quarter worth approximately $27,000. Coppell Advisory Solutions LLC bought a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $36,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Zebra Technologies during the first quarter worth approximately $29,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Zebra Technologies in the first quarter valued at approximately $30,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ZBRA shares. Truist Financial increased their target price on Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Robert W. Baird increased their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, BNP Paribas Exane upgraded 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. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Stock Down 3.0%

Shares of NASDAQ:ZBRA opened at $317.90 on Monday. The business has a fifty day simple moving average of $316.46 and a 200 day simple moving average of $296.33. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76. The firm has a market cap of $16.17 billion, a P/E ratio of 30.02 and a beta of 1.75. 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 (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the company posted $3.18 earnings per share. Zebra Technologies's revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts predict 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 plan on Tuesday, August 5th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are typically a sign 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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