Brown Advisory Inc. Acquires 140 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Brown Advisory Inc. increased its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 8.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,751 shares of the industrial products company’s stock after acquiring an additional 140 shares during the period. Brown Advisory Inc.’s holdings in Zebra Technologies were worth $495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Investment Management Corp VA ADV bought a new stake in Zebra Technologies in the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV raised its position in 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 purchasing an additional 36 shares during the period. Picton Mahoney Asset Management purchased a new position in Zebra Technologies in the 4th quarter worth $31,000. Avalon Trust Co bought a new stake in Zebra Technologies in the 4th quarter worth $35,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Zebra Technologies during the 4th quarter valued at about $36,000. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $322.83 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’s 50-day simple moving average is $297.59 and its 200 day simple moving average is $308.37. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The stock has a market cap of $16.42 billion, a P/E ratio of 30.54 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $2.84 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several research reports. UBS Group decreased their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Needham & Company LLC decreased their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. BNP Paribas raised shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Finally, Barclays lowered their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $350.82.

About Zebra Technologies

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.