Wealth Enhancement Advisory Services LLC Boosts Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 33.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,912 shares of the industrial products company's stock after purchasing an additional 1,964 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Zebra Technologies were worth $2,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. New York Life Investment Management LLC increased its holdings in shares of Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock valued at $2,976,000 after acquiring an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock valued at $518,000 after acquiring an additional 32 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Zebra Technologies by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock valued at $251,000 after acquiring an additional 35 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares during the last quarter. Finally, GTS Securities LLC increased its holdings in shares of Zebra Technologies by 5.0% in the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock valued at $307,000 after acquiring an additional 38 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of ZBRA opened at $309.26 on Friday. The company has a market cap of $15.73 billion, a P/E ratio of 29.26 and a beta of 1.75. The stock has a fifty day moving average price of $280.51 and a 200 day moving average price of $314.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business earned $2.84 EPS. The firm's revenue was up 11.3% on a year-over-year basis. On average, research analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ZBRA. Robert W. Baird boosted their price target on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Needham & Company LLC lowered their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays lowered their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial lowered their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $331.20.

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.

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