Zebra Technologies Corporation $ZBRA Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its holdings in Zebra Technologies by 195.3% during the 1st quarter, acquiring an additional 2,053 shares, making its total share count 3,104, valued at $877,000.
• Several brokers have upgraded their ratings for Zebra Technologies, with BNP Paribas Exane setting a new price target of $408.00 and Needham boosting theirs to $345.00.
• Zebra Technologies announced a $250 million stock repurchase program, indicating the board's belief that the company’s shares are undervalued.

Vident Advisory LLC raised its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 195.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,104 shares of the industrial products company's stock after acquiring an additional 2,053 shares during the period. Vident Advisory LLC's holdings in Zebra Technologies were worth $877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in Zebra Technologies by 27.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 249,135 shares of the industrial products company's stock valued at $70,396,000 after acquiring an additional 54,350 shares during the period. Magnetar Financial LLC lifted its stake in Zebra Technologies by 98.6% during the 1st quarter. Magnetar Financial LLC now owns 33,975 shares of the industrial products company's stock valued at $9,600,000 after acquiring an additional 16,866 shares during the period. Canada Pension Plan Investment Board lifted its stake in Zebra Technologies by 54.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 48,173 shares of the industrial products company's stock valued at $13,612,000 after acquiring an additional 17,049 shares during the period. Trexquant Investment LP lifted its stake in Zebra Technologies by 40.1% during the 1st quarter. Trexquant Investment LP now owns 29,679 shares of the industrial products company's stock valued at $8,386,000 after acquiring an additional 8,497 shares during the period. Finally, Okabena Investment Services Inc. lifted its stake in Zebra Technologies by 25.5% during the 1st quarter. Okabena Investment Services Inc. now owns 4,193 shares of the industrial products company's stock valued at $1,185,000 after acquiring an additional 851 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on ZBRA. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective for the company in a research note on Thursday, July 10th. Citigroup reiterated a "neutral" rating and issued a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley boosted their target price on shares of 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 research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $311.25 on Friday. The firm has a market cap of $15.83 billion, a PE ratio of 29.39 and a beta of 1.78. The firm has a fifty day moving average of $321.93 and a 200 day moving average of $292.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. 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 results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping the consensus estimate 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 net margin of 10.56% and a return on equity of 18.95%. The firm's revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous 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. As a group, research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are 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.

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