Zebra Technologies Corporation $ZBRA Position Trimmed by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in Zebra Technologies by 36.8% during the 2nd quarter, ending with 14,080 shares valued at approximately $4.34 million.
• Analysts have increased their price targets for Zebra Technologies, with Citigroup raising its target from $340.00 to $346.00, while Barclays set a price target of $375.00.
• Zebra Technologies reported $3.61 earnings per share in its last quarter, exceeding expectations and marking a 6.2% year-over-year revenue growth.

TD Asset Management Inc lessened its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 36.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,080 shares of the industrial products company's stock after selling 8,204 shares during the quarter. TD Asset Management Inc's holdings in Zebra Technologies were worth $4,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ZBRA. Trust Co. of Toledo NA OH bought a new stake in shares of Zebra Technologies in the 2nd quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new stake in Zebra Technologies in the 1st quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Zebra Technologies in the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Zebra Technologies during the first quarter worth approximately $30,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Zebra Technologies by 101.9% during the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock worth $30,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup upped their price target on Zebra Technologies from $340.00 to $346.00 and gave the stock a "neutral" rating in a report on Thursday, October 9th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Barclays set a $375.00 target price on Zebra Technologies in a research note on Tuesday, October 7th. Morgan Stanley raised 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. Finally, Needham & Company LLC raised 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 equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $369.56.

Zebra Technologies Trading Up 2.8%

NASDAQ:ZBRA opened at $301.45 on Tuesday. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The stock has a market capitalization of $15.33 billion, a PE ratio of 28.47 and a beta of 1.75. The business's 50-day simple moving average is $309.03 and its 200-day simple moving average is $295.60.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the business posted $3.18 EPS. Zebra Technologies's revenue for the quarter was up 6.2% on a year-over-year basis. 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 fiscal year.

Zebra Technologies announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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.

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