Prospector Partners LLC Acquires 14,606 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Prospector Partners LLC increased its stake in Zebra Technologies by 74.9%, owning approximately 0.07% of the company valued at $9.6 million.
• Analysts have varying opinions on Zebra Technologies' stock, with a consensus rating of "Moderate Buy" and an average price target of $357.44.
• Zebra Technologies has approved a $250 million share buyback plan, indicating management's belief in the stock's undervaluation.

Prospector Partners LLC lifted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 74.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,110 shares of the industrial products company's stock after acquiring an additional 14,606 shares during the period. Prospector Partners LLC owned 0.07% of Zebra Technologies worth $9,638,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ZBRA. Mariner LLC increased its position in Zebra Technologies by 27.3% during the 4th quarter. Mariner LLC now owns 11,636 shares of the industrial products company's stock worth $4,494,000 after purchasing an additional 2,492 shares in the last quarter. United Capital Financial Advisors LLC raised its position in shares of Zebra Technologies by 13.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 850 shares of the industrial products company's stock valued at $328,000 after purchasing an additional 100 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Zebra Technologies by 7.2% in the 4th quarter. NewEdge Advisors LLC now owns 942 shares of the industrial products company's stock valued at $364,000 after acquiring an additional 63 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Zebra Technologies by 269.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 31,124 shares of the industrial products company's stock valued at $12,021,000 after acquiring an additional 22,700 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Zebra Technologies by 9.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 42,591 shares of the industrial products company's stock valued at $16,441,000 after acquiring an additional 3,607 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded up $14.28 during trading on Friday, hitting $322.79. 494,772 shares of the company's stock traded hands, compared to its average volume of 594,006. 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 firm's fifty day moving average price is $317.65 and its 200 day moving average price is $295.45. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a market cap of $16.41 billion, a PE ratio of 30.48 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm posted $3.18 EPS. The firm's quarterly revenue was up 6.2% on a year-over-year basis. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its board has authorized a stock 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 reacquire up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ZBRA shares. Robert W. Baird boosted their price objective on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. BNP Paribas Exane raised 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. Needham & Company LLC increased their target price on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. UBS Group reduced their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial upped their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. One equities research 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $357.44.

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.