Zebra Technologies Corporation $ZBRA Shares Acquired by AlphaQuest LLC

Key Points

• AlphaQuest LLC has increased its stake in Zebra Technologies by 62% during the first quarter, owning a total of 3,037 shares valued at approximately $858,000.
• Multiple hedge funds, including Vanguard Group Inc. and Bank of New York Mellon Corp., have also raised their positions in Zebra Technologies, resulting in institutional investors owning 91.03% of the stock.
• Zebra Technologies reported earnings of $3.61 per share for the last quarter, exceeding forecasts, and announced a stock repurchase program of $250 million aimed at buying back up to 1.4% of its shares.

AlphaQuest LLC increased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 62.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,037 shares of the industrial products company's stock after acquiring an additional 1,162 shares during the quarter. AlphaQuest LLC's holdings in Zebra Technologies were worth $858,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Zebra Technologies by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock worth $1,798,627,000 after acquiring an additional 104,940 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Zebra Technologies by 27.5% during 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 buying an additional 255,193 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Zebra Technologies by 4.7% during the first quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock valued at $276,375,000 after buying an additional 43,500 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Zebra Technologies by 15.8% during the first quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company's stock valued at $162,718,000 after buying an additional 78,506 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Zebra Technologies by 36.4% during the first quarter. Bank of New York Mellon Corp now owns 442,788 shares of the industrial products company's stock valued at $125,114,000 after buying an additional 118,247 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZBRA has been the topic of a number of research analyst reports. UBS Group lowered their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Truist Financial lifted 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. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target on the stock in a report on Thursday, July 10th. Robert W. Baird lifted their price target on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Finally, Citigroup reiterated a "neutral" rating and set a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. One equities research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Price Performance

ZBRA opened at $322.79 on Monday. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 30.48 and a beta of 1.75. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $318.43 and a 200 day moving average price of $293.81.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. The firm 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%.The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm 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. Analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its board has initiated a stock 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 buy up to 1.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board 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.

Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.