Zebra Technologies Corporation $ZBRA Stock Holdings Increased by Algert Global LLC

Key Points

• Algert Global LLC significantly increased its holdings in Zebra Technologies Corporation by 483.1%, owning 6,880 shares worth approximately $1.94 million at the end of the first quarter.
• Zebra Technologies reported a quarterly earnings of $3.61 EPS, exceeding analyst estimates of $3.31 and achieving a revenue of $1.29 billion, marking a year-over-year growth of 6.2%.
• The company has announced a $250 million stock repurchase plan, indicating confidence from its leadership in the company's valuation.

Algert Global LLC increased its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 483.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,880 shares of the industrial products company's stock after purchasing an additional 5,700 shares during the quarter. Algert Global LLC's holdings in Zebra Technologies were worth $1,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Zebra Technologies by 1.7% in 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Zebra Technologies by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock worth $500,701,000 after acquiring an additional 86,766 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Zebra Technologies by 27.5% in 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 acquiring an additional 255,193 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Zebra Technologies by 4.7% in the 1st quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock worth $276,375,000 after acquiring an additional 43,500 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Zebra Technologies by 17.2% in the 4th quarter. Northern Trust Corp now owns 497,363 shares of the industrial products company's stock worth $192,092,000 after acquiring an additional 72,989 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Up 1.2%

Zebra Technologies stock opened at $308.51 on Friday. The company's fifty day simple moving average is $317.65 and its 200-day simple moving average is $295.45. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. 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 $15.69 billion, a P/E ratio of 29.13 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 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 business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the company posted $3.18 EPS. Zebra Technologies's 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. As a group, sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its board has approved a stock repurchase plan 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 purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Needham & Company LLC lifted their target price on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. BNP Paribas Exane upgraded 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. Morgan Stanley lifted their target price on Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Citigroup restated a "neutral" rating and issued a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, Robert W. Baird lifted their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $357.44.

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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