Zebra Technologies Corporation $ZBRA Shares Purchased by DAVENPORT & Co LLC

Key Points

• DAVENPORT & Co LLC has increased its stake in Zebra Technologies by 23.6%, now owning over 11,000 shares valued at approximately $3.46 million.
• Zebra Technologies reported quarterly earnings of $3.61 per share, exceeding estimates, and has set its FY 2025 guidance between $15.250 and $15.750 EPS.
• Institutional investors own 91.03% of Zebra Technologies, with various hedge funds significantly increasing their positions in recent quarters.

DAVENPORT & Co LLC increased its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 23.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,183 shares of the industrial products company's stock after purchasing an additional 2,132 shares during the period. DAVENPORT & Co LLC's holdings in Zebra Technologies were worth $3,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of 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 worth $1,798,627,000 after purchasing an additional 104,940 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of 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 worth $334,469,000 after purchasing an additional 255,193 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Zebra Technologies by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock worth $276,375,000 after purchasing an additional 43,500 shares during the last quarter. Northern Trust Corp raised its position in shares of Zebra Technologies by 15.8% during the 1st quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company's stock worth $162,718,000 after purchasing an additional 78,506 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 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 worth $125,114,000 after purchasing an additional 118,247 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $307.28 on Thursday. The firm has a 50 day simple moving average of $313.93 and a 200-day simple moving average of $294.49. 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 stock has a market cap of $15.62 billion, a price-to-earnings ratio of 29.02 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share 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 business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the company posted $3.18 EPS. The business's revenue for the quarter 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. On average, analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its board has authorized a share buyback program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ZBRA shares. Barclays set a $375.00 price objective on shares of Zebra Technologies in a research note on Tuesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Zebra Technologies in a research note on Wednesday. Truist Financial upped their price objective on shares of Zebra Technologies from $319.00 to $350.00 and gave the company a "hold" rating in a research note on Wednesday. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley upped their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $369.11.

Zebra Technologies 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.

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