Magnetar Financial LLC Acquires 16,866 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Magnetar Financial LLC increased its stake in Zebra Technologies by 98.6%, now owning approximately 33,975 shares valued at about $9.6 million.
• Several institutional investors have also made new purchases or increased their stakes, contributing to institutional ownership reaching 91.03% of Zebra's stock.
• Analysts have mixed ratings on Zebra Technologies, with one rating as a Strong Buy, five as Buy, and four as Hold, leading to a consensus target price of $357.44.

Magnetar Financial LLC boosted its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 98.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,975 shares of the industrial products company's stock after acquiring an additional 16,866 shares during the period. Magnetar Financial LLC owned about 0.07% of Zebra Technologies worth $9,600,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ZBRA. Investment Management Corp VA ADV acquired a new position in shares of Zebra Technologies during the fourth quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new position in Zebra Technologies during the 1st quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Zebra Technologies during the 1st quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Zebra Technologies during the 1st quarter valued at $30,000. Finally, Brooklyn Investment Group lifted its stake in shares of 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 during the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $10.02 during trading on Tuesday, hitting $307.07. 718,031 shares of the stock were exchanged, compared to its average volume of 588,024. The stock has a market capitalization of $15.61 billion, a price-to-earnings ratio of 29.00 and a beta of 1.79. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $321.66 and a 200-day moving average price of $292.74. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its board has authorized a share repurchase plan on Tuesday, August 5th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on ZBRA shares. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research report on Thursday, July 10th. Morgan Stanley boosted their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Robert W. Baird boosted 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. Truist Financial increased their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Finally, Needham & Company LLC raised 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target 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.