Advisory Alpha LLC boosted its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 64.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,197 shares of the industrial products company’s stock after acquiring an additional 469 shares during the quarter. Advisory Alpha LLC’s holdings in Zebra Technologies were worth $369,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. Guinness Asset Management LTD lifted its position in shares of Zebra Technologies by 18.3% during the 2nd quarter. Guinness Asset Management LTD now owns 1,376 shares of the industrial products company’s stock worth $424,000 after buying an additional 213 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Zebra Technologies by 16.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 242,106 shares of the industrial products company’s stock worth $74,656,000 after purchasing an additional 34,957 shares during the period. Nisa Investment Advisors LLC grew its stake in Zebra Technologies by 3.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,455 shares of the industrial products company’s stock valued at $7,849,000 after buying an additional 908 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Zebra Technologies by 1.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,535 shares of the industrial products company’s stock valued at $1,090,000 after buying an additional 62 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in Zebra Technologies in the 2nd quarter valued at approximately $328,000. Institutional investors own 91.03% of the company’s stock.
Zebra Technologies Price Performance
Shares of ZBRA opened at $270.77 on Thursday. The stock has a market cap of $13.77 billion, a PE ratio of 27.30 and a beta of 1.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.03 and a current ratio of 1.61. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm’s 50-day simple moving average is $305.86 and its two-hundred day simple moving average is $299.10.
Zebra Technologies announced that its board has approved a share buyback 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 reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
ZBRA has been the subject of a number of recent analyst reports. Truist Financial reduced their price target on shares of Zebra Technologies from $350.00 to $331.00 and set a “hold” rating for the company in a research report on Wednesday. BNP Paribas raised shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Morgan Stanley boosted their price target on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. BNP Paribas Exane raised shares of Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 price target for the company in a research note on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $354.00.
View Our Latest Research Report on Zebra Technologies
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.
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