Woodline Partners LP Sells 5,488 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Woodline Partners LP has decreased its stake in Zebra Technologies Corporation by 19.4%, selling 5,488 shares to hold a total of 22,790 shares, valued at $6.44 million.
• Zebra Technologies reported earnings of $3.61 per share for Q2, exceeding estimates of $3.31, and had revenue of $1.29 billion.
• The company has authorized a $250 million share repurchase program, indicating management's belief that its shares are undervalued.

Woodline Partners LP reduced its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 19.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,790 shares of the industrial products company's stock after selling 5,488 shares during the quarter. Woodline Partners LP's holdings in Zebra Technologies were worth $6,440,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Brown Advisory Inc. grew its stake in shares of Zebra Technologies by 8.7% during the first quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock valued at $495,000 after buying an additional 140 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Zebra Technologies by 33.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after buying an additional 1,964 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Zebra Technologies by 1.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after buying an additional 66 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Zebra Technologies by 6.3% during the first quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after buying an additional 1,267 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Zebra Technologies by 29.7% during the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock valued at $54,000 after buying an additional 44 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Down 1.1%

Shares of NASDAQ ZBRA opened at $312.65 on Friday. The stock has a 50 day moving average price of $321.40 and a 200 day moving average price of $292.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share 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 analyst estimates 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 prior year, the business earned $3.18 earnings per share. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Sell-side analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its board has authorized a share repurchase program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ZBRA. Barclays set a $301.00 target price on Zebra Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Morgan Stanley upped their target price on Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Truist Financial boosted their price target on Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Citigroup reiterated a "neutral" rating and issued a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, Needham & Company LLC boosted their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $357.44.

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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