Swedbank AB Purchases 3,600 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Swedbank AB increased its stake in Zebra Technologies Corporation by 12.2% during Q1, now owning 33,123 shares valued at approximately $9.36 million.
• Numerous analysts have raised their price targets for Zebra Technologies, with a consensus target now at $357.44 and a rating of "Moderate Buy."
• Zebra Technologies reported $3.61 earnings per share, surpassing analysts’ expectations and showing a revenue increase of 6.2% year-over-year.

Swedbank AB boosted its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 12.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,123 shares of the industrial products company's stock after buying an additional 3,600 shares during the quarter. Swedbank AB owned approximately 0.07% of Zebra Technologies worth $9,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZBRA. Alyeska Investment Group L.P. bought a new position in shares of Zebra Technologies during the 1st quarter worth about $99,995,000. Victory Capital Management Inc. raised its stake in shares of Zebra Technologies by 27.5% in the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after acquiring an additional 255,193 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Zebra Technologies by 5,704.9% in the first quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock worth $73,286,000 after acquiring an additional 254,895 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Zebra Technologies by 20,849.2% during the first quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock worth $72,335,000 after buying an additional 254,777 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Zebra Technologies during the first quarter worth approximately $46,633,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Citigroup restated a "neutral" rating and set a $342.00 price objective (up previously from $280.00) on shares of Zebra Technologies in a 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. Zacks Research upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Finally, BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective for the company in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $4.37 during mid-day trading on Friday, reaching $318.51. 258,514 shares of the company were exchanged, compared to its average volume of 580,096. The company's 50-day simple moving average is $321.15 and its 200-day simple moving average is $292.83. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $16.20 billion, a P/E ratio of 30.08 and a beta of 1.78. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued 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 business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the company earned $3.18 EPS. The business's revenue was up 6.2% on a year-over-year basis. 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, research analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its Board of Directors has initiated a stock repurchase 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 repurchase up to 1.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

About Zebra Technologies

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.