Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,473 shares of the industrial products company’s stock after acquiring an additional 66 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Zebra Technologies were worth $981,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new position in shares of Zebra Technologies in the 4th quarter worth $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 last quarter. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies in the 4th quarter worth $31,000. Avalon Trust Co acquired a new position in shares of Zebra Technologies in the 4th quarter worth $35,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Zebra Technologies in the 4th quarter worth $36,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ZBRA. UBS Group decreased their target price on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC decreased their target price on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Citigroup decreased their target price on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird raised their target price on Zebra Technologies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.20.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $309.26 on Friday. The business has a fifty day simple moving average of $280.51 and a 200-day simple moving average of $314.62. 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 Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The stock has a market cap of $15.73 billion, a PE ratio of 29.26 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $2.84 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

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.