Zebra Technologies Corporation $ZBRA Shares Purchased by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners increased its holdings in Zebra Technologies by 50.1% during the first quarter, owning 124,911 shares valued at approximately $35.3 million.
• Zebra Technologies reported earnings of $3.61 per share, exceeding analysts' expectations, with revenue of $1.29 billion, a 6.2% increase compared to the previous year.
• Multiple analysts have raised their price targets for Zebra Technologies, with Robert W. Baird setting a new target of $367.00 and BNP Paribas upgrading the stock to a "strong-buy" rating.

Adage Capital Partners GP L.L.C. lifted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 50.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,911 shares of the industrial products company's stock after purchasing an additional 41,700 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.24% of Zebra Technologies worth $35,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Zebra Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock valued at $1,798,627,000 after acquiring an additional 104,940 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Zebra Technologies by 27.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after acquiring an additional 255,193 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Zebra Technologies by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock valued at $276,375,000 after acquiring an additional 43,500 shares in the last quarter. Northern Trust Corp increased its holdings in Zebra Technologies by 15.8% during the 1st quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company's stock valued at $162,718,000 after acquiring an additional 78,506 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Zebra Technologies by 36.4% during the 1st 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 acquiring an additional 118,247 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Morgan Stanley raised their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Needham & Company LLC raised their target price on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a report on Thursday, July 10th. Finally, Citigroup restated a "neutral" rating and set a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Trading Up 0.8%

Zebra Technologies stock traded up $2.55 during trading on Friday, reaching $313.80. The company had a trading volume of 454,927 shares, compared to its average volume of 470,896. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76. The stock's 50 day moving average price is $322.03 and its two-hundred day moving average price is $292.53. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 29.63 and a beta of 1.78. 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 (NASDAQ:ZBRA - Get Free Report) last released its earnings results 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. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $3.18 earnings per share. Zebra Technologies's revenue was up 6.2% compared to the same quarter last year. 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, equities analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies announced that its board has initiated a share repurchase plan on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are typically 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.