State of Alaska Department of Revenue Raises Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

State of Alaska Department of Revenue lifted its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRAFree Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,018 shares of the industrial products company’s stock after buying an additional 135 shares during the period. State of Alaska Department of Revenue’s holdings in Zebra Technologies were worth $1,700,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Investment Management Corp VA ADV acquired a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $27,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 36 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $31,000. Avalon Trust Co acquired a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $35,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $36,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 0.8%

Shares of Zebra Technologies stock opened at $296.25 on Tuesday. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm has a market cap of $15.06 billion, a PE ratio of 28.03 and a beta of 1.75. The business’s fifty day moving average is $274.24 and its two-hundred day moving average is $316.80. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company posted $2.84 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZBRA. Morgan Stanley upped their price target on Zebra Technologies from $245.00 to $280.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 28th. Truist Financial reduced their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Barclays reduced their target price on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Citigroup reduced their target price on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, UBS Group reduced their target price on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $331.20.

Get Our Latest Analysis on ZBRA

Zebra Technologies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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