Hsbc Holdings PLC Acquires 27,685 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Hsbc Holdings PLC increased its stake in Zebra Technologies by 32.1%, owning approximately 0.22% of the company, valued at $32.15 million as of the last quarter.
• Zebra Technologies reported an earnings per share (EPS) of $3.61 for the latest quarter, exceeding analysts' expectations of $3.31, and has confirmed guidance of 15.25-15.75 EPS for FY 2025.
• The company announced a $250 million share buyback plan, indicating that its board believes the shares may be undervalued.

Hsbc Holdings PLC lifted its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 32.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,044 shares of the industrial products company's stock after purchasing an additional 27,685 shares during the period. Hsbc Holdings PLC owned about 0.22% of Zebra Technologies worth $32,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of Zebra Technologies by 7.2% during the 4th quarter. NewEdge Advisors LLC now owns 942 shares of the industrial products company's stock valued at $364,000 after purchasing an additional 63 shares during the last quarter. GeoWealth Management LLC increased its position in Zebra Technologies by 103.8% during the fourth quarter. GeoWealth Management LLC now owns 161 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 82 shares during the last quarter. First Trust Advisors LP grew its holdings in Zebra Technologies by 314.9% during the fourth quarter. First Trust Advisors LP now owns 55,700 shares of the industrial products company's stock valued at $21,512,000 after purchasing an additional 42,276 shares during the period. Tower Research Capital LLC TRC grew its holdings in Zebra Technologies by 22.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,216 shares of the industrial products company's stock valued at $1,242,000 after purchasing an additional 587 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Zebra Technologies by 13.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 787 shares of the industrial products company's stock worth $304,000 after acquiring an additional 92 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Down 1.0%

ZBRA traded down $3.24 during trading on Monday, hitting $319.55. The company's stock had a trading volume of 310,201 shares, compared to its average volume of 703,604. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The firm's 50 day moving average price is $318.96 and its 200-day moving average price is $293.50. The stock has a market cap of $16.25 billion, a PE ratio of 30.17 and a beta of 1.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior 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. On average, analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its board has approved a share buyback plan on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZBRA. Truist Financial increased their price target on Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Citigroup restated a "neutral" rating and set a $342.00 price objective (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Robert W. Baird increased their target price on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a research report on Thursday, July 10th. Finally, Morgan Stanley lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.