Vident Advisory LLC Has $877,000 Stock Holdings in Zebra Technologies Corporation $ZBRA

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 lifted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 195.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,104 shares of the industrial products company's stock after buying an additional 2,053 shares during the period. Vident Advisory LLC's holdings in Zebra Technologies were worth $877,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Zebra Technologies by 27.9% during the first quarter. The Manufacturers Life Insurance Company now owns 249,135 shares of the industrial products company's stock valued at $70,396,000 after purchasing an additional 54,350 shares in the last quarter. Magnetar Financial LLC raised its holdings in Zebra Technologies by 98.6% in the 1st quarter. Magnetar Financial LLC now owns 33,975 shares of the industrial products company's stock valued at $9,600,000 after buying an additional 16,866 shares during the last quarter. Canada Pension Plan Investment Board boosted its position 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 worth $13,612,000 after buying an additional 17,049 shares during the period. Trexquant Investment LP boosted its position 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 worth $8,386,000 after buying an additional 8,497 shares during the period. Finally, Okabena Investment Services Inc. grew its holdings 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 worth $1,185,000 after acquiring an additional 851 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Down 1.9%

NASDAQ:ZBRA traded down $5.98 during trading hours on Wednesday, reaching $306.19. The company had a trading volume of 636,692 shares, compared to its average volume of 457,336. The business's 50-day simple moving average is $321.78 and its two-hundred day simple moving average is $292.59. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 28.91 and a beta of 1.78. 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 (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, topping analysts' consensus estimates of $3.31 by $0.30. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business's revenue was up 6.2% on a year-over-year basis. During the same quarter 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, equities analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its board has approved a stock buyback plan on Tuesday, August 5th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Barclays set a $301.00 price target on Zebra Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective for the company in a research report on Thursday, July 10th. Finally, Morgan Stanley lifted their price objective on Zebra Technologies from $280.00 to $300.00 and gave the stock 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 issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average 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.