Wellington Management Group LLP Sells 6,705 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Wellington Management Group LLP decreased its holdings in Zebra Technologies by 60.2%, owning 4,440 shares valued at approximately $1.26 million after selling 6,705 shares.
• Numerous institutional investors have increased their stakes in Zebra Technologies, with Korea Investment CORP boosting its position by 21.6% to reach over 39,000 shares valued at $11.14 million.
• Zebra Technologies reported a quarterly EPS of $3.61, beating analysts’ estimates, and announced a share buyback program allowing repurchase of up to $250 million of its outstanding shares.

Wellington Management Group LLP reduced its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 60.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,440 shares of the industrial products company's stock after selling 6,705 shares during the quarter. Wellington Management Group LLP's holdings in Zebra Technologies were worth $1,255,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Zebra Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock valued at $1,798,627,000 after purchasing an additional 104,940 shares during the last quarter. Victory Capital Management Inc. raised its position 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 valued at $334,469,000 after purchasing an additional 255,193 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Zebra Technologies by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock worth $276,375,000 after buying an additional 43,500 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Zebra Technologies by 15.8% during the 1st quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company's stock worth $162,718,000 after buying an additional 78,506 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Zebra Technologies by 36.4% during the 1st quarter. Bank of New York Mellon Corp now owns 442,788 shares of the industrial products company's stock worth $125,114,000 after buying an additional 118,247 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Zebra Technologies stock traded up $5.45 during trading hours on Thursday, reaching $311.16. 197,235 shares of the stock were exchanged, compared to its average volume of 585,361. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a market cap of $15.82 billion, a P/E ratio of 29.38 and a beta of 1.78. The stock has a 50 day moving average of $321.88 and a two-hundred day moving average of $292.93.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.Zebra Technologies's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.18 EPS. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Equities analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its board has authorized a stock repurchase plan on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several research analyst reports. Needham & Company LLC increased their price target 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 upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Robert W. Baird lifted their price target on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a report on Thursday, July 10th. Finally, Citigroup reiterated a "neutral" rating and set a $342.00 price objective (up previously from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Company 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.