Allworth Financial LP Has $54,000 Stake in Zebra Technologies Corporation (NASDAQ:ZBRA)

Allworth Financial LP lifted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 29.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192 shares of the industrial products company’s stock after acquiring an additional 44 shares during the period. Allworth Financial LP’s holdings in Zebra Technologies were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZBRA. Nisa Investment Advisors LLC raised its stake in shares of Zebra Technologies by 1.9% in the first quarter. Nisa Investment Advisors LLC now owns 24,547 shares of the industrial products company’s stock valued at $6,936,000 after purchasing an additional 458 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in Zebra Technologies by 2.2% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,589 shares of the industrial products company’s stock valued at $2,992,000 after buying an additional 227 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Zebra Technologies by 6.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 28,315 shares of the industrial products company’s stock valued at $7,846,000 after buying an additional 1,716 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Zebra Technologies by 8.7% during the 1st quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company’s stock worth $495,000 after acquiring an additional 140 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Zebra Technologies by 6.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 1,659 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 98 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several recent analyst reports. Citigroup reiterated a “neutral” rating and set a $342.00 price objective (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. 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 report on Thursday, July 10th. Morgan Stanley boosted their price target on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 28th. UBS Group decreased their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, 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 report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $350.82.

Zebra Technologies Stock Up 0.6%

Zebra Technologies stock opened at $331.73 on Friday. The company’s 50-day moving average price is $302.80 and its two-hundred day moving average price is $307.77. 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 $16.87 billion, a P/E ratio of 31.38 and a beta of 1.75. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its 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 last year, the company earned $2.84 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current 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.