MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in Zebra Technologies Corporation $ZBRA

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. grew its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 58.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,434 shares of the industrial products company's stock after acquiring an additional 19,050 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.10% of Zebra Technologies worth $14,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Advisory Inc. increased its holdings in shares of Zebra Technologies by 8.7% in the 1st quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock valued at $495,000 after acquiring an additional 140 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Zebra Technologies by 33.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock worth $2,236,000 after buying an additional 1,964 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Zebra Technologies by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock worth $981,000 after buying an additional 66 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after buying an additional 1,267 shares during the last quarter. Finally, Allworth Financial LP grew its stake in Zebra Technologies by 29.7% during the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after buying an additional 44 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZBRA has been the topic of several research analyst reports. Barclays set a $301.00 target price on Zebra Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Truist Financial boosted their price target on Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Morgan Stanley boosted their price target on Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC boosted their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Price Performance

NASDAQ ZBRA traded down $3.36 during trading hours on Friday, reaching $312.65. The company's stock had a trading volume of 516,923 shares, compared to its average volume of 452,336. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The company's 50-day moving average is $321.40 and its two-hundred day moving average is $292.65.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The company 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%.Zebra Technologies's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its Board of Directors has approved a share buyback program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is 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.