Zebra Technologies Corporation $ZBRA Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS increased its ownership in Zebra Technologies by 58.8%, acquiring an additional 19,050 shares, raising its total stake to 51,434 shares valued at $14.49 million.
• Zebra Technologies has seen positive analyst ratings recently, with multiple firms raising their target prices, including a new high target of $408 from BNP Paribas Exane.
• The company declared a $250 million stock repurchase plan, indicating that its leadership believes the stock is undervalued, while also reporting strong quarterly earnings that exceeded analysts' estimates.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 58.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,434 shares of the industrial products company's stock after buying an additional 19,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.10% of Zebra Technologies worth $14,492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ZBRA. Investment Management Corp VA ADV purchased a new stake in shares of Zebra Technologies in the 4th quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of Zebra Technologies in the 1st quarter worth about $27,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Zebra Technologies in the 1st quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Zebra Technologies in the 1st quarter worth about $30,000. Finally, Brooklyn Investment Group lifted its holdings in Zebra Technologies by 101.9% in the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 54 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of recent research reports. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a report on Thursday, July 10th. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Citigroup reiterated a "neutral" rating and set a $342.00 price objective (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, Robert W. Baird increased their target price on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Stock Performance

ZBRA traded down $3.36 during trading hours on Friday, hitting $312.65. 516,923 shares of the stock were exchanged, compared to its average volume of 451,989. The stock has a 50-day simple moving average of $321.40 and a 200-day simple moving average of $292.33. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted 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. The company had revenue of $1.29 billion for 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 firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $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 anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 5th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are usually a sign 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.