Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,912 shares of the industrial products company's stock after buying 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 reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC raised its stake in shares of Zebra Technologies by 7.3% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 954 shares of the industrial products company's stock valued at $270,000 after acquiring an additional 65 shares during the period. Net Worth Advisory Group raised its position in Zebra Technologies by 2.9% in the first quarter. Net Worth Advisory Group now owns 1,788 shares of the industrial products company's stock valued at $505,000 after purchasing an additional 50 shares during the period. Fifth Third Bancorp lifted its stake in Zebra Technologies by 8.1% during the first quarter. Fifth Third Bancorp now owns 3,127 shares of the industrial products company's stock worth $884,000 after purchasing an additional 233 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in shares of Zebra Technologies during the first quarter worth $328,000. Finally, CX Institutional lifted its stake in Zebra Technologies by 7.9% during the 1st quarter. CX Institutional now owns 1,111 shares of the industrial products company's stock worth $314,000 after acquiring an additional 81 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several analyst reports. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Citigroup lowered their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Needham & Company LLC decreased their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley boosted their target price on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded up $4.70 during mid-day trading on Wednesday, hitting $320.18. 152,818 shares of the company were exchanged, compared to its average volume of 477,794. The stock has a 50 day simple moving average of $284.00 and a 200-day simple moving average of $313.31. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 30.29 and a beta of 1.75.

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

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.