Zebra Technologies Corporation $ZBRA Shares Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company raised its stake in Zebra Technologies Corporation by 27.9%, acquiring an additional 54,350 shares during the first quarter, bringing its total ownership to 249,135 shares valued at $70.4 million.
• Zebra Technologies reported $3.61 earnings per share in its latest quarter, exceeding the consensus estimate of $3.31, with a revenue of $1.29 billion.
• Institutional investors own 91.03% of Zebra Technologies' stock, indicating strong institutional confidence in the company's future performance.

The Manufacturers Life Insurance Company raised its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 27.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 249,135 shares of the industrial products company's stock after buying an additional 54,350 shares during the period. The Manufacturers Life Insurance Company owned about 0.48% of Zebra Technologies worth $70,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new stake in Zebra Technologies in the 4th quarter worth $27,000. Zions Bancorporation National Association UT acquired a new stake in Zebra Technologies in the 1st quarter valued at $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Zebra Technologies in the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Zebra Technologies during the first quarter worth approximately $30,000. Finally, Brooklyn Investment Group lifted its position in shares of Zebra Technologies by 101.9% during the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 54 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ZBRA shares. Barclays set a $301.00 price target on shares of Zebra Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Citigroup reaffirmed a "neutral" rating and set a $342.00 target price (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Robert W. Baird boosted their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Truist Financial raised 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. Finally, Needham & Company LLC increased their price objective on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $1.36 during midday trading on Wednesday, hitting $305.71. The company had a trading volume of 345,005 shares, compared to its average volume of 587,708. 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 12-month low of $205.73 and a 12-month high of $427.76. The company has a fifty day simple moving average of $321.88 and a 200 day simple moving average of $292.93. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 28.87 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, beating analysts' consensus estimates 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 quarter in the previous year, the company earned $3.18 earnings per share. The firm's revenue for the quarter 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, analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

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