Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,340 shares of the industrial products company's stock after buying an additional 5,451 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.61% of Zebra Technologies worth $88,537,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ZBRA. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies in the 4th quarter worth about $27,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Zebra Technologies in the 1st quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Zebra Technologies in the 1st quarter worth about $30,000. Coppell Advisory Solutions LLC purchased a new stake in Zebra Technologies in the 4th quarter worth about $36,000. Finally, Allworth Financial LP raised its position in Zebra Technologies by 29.7% in the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after purchasing an additional 44 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZBRA shares. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a research report on Thursday, July 10th. Robert W. Baird increased their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Truist Financial increased their price objective on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Finally, Barclays set a $301.00 target price on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Stock Down 3.0%

Shares of NASDAQ ZBRA traded down $10.09 during midday trading on Thursday, reaching $327.71. 604,799 shares of the company's stock traded hands, compared to its average volume of 655,559. The company has a market cap of $16.66 billion, a price-to-earnings ratio of 30.95 and a beta of 1.75. The stock's 50 day simple moving average is $316.01 and its 200-day simple moving average is $298.33. 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 one year low of $205.73 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.30. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. Zebra Technologies's revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $3.18 earnings per share. On average, analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its Board of Directors has initiated a stock buyback plan on Tuesday, August 5th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is 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.