Swedbank AB raised its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,701 shares of the industrial products company’s stock after buying an additional 3,578 shares during the quarter. Swedbank AB owned about 0.07% of Zebra Technologies worth $11,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the stock. Zions Bancorporation National Association UT purchased a new position in shares of Zebra Technologies in the first quarter valued at $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Zebra Technologies in the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Zebra Technologies in the first quarter valued at about $30,000. Brooklyn Investment Group grew its stake in Zebra Technologies by 101.9% in the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 54 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Zebra Technologies by 29.7% during the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 44 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.
Zebra Technologies Stock Performance
Shares of ZBRA stock opened at $318.54 on Monday. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 30.08 and a beta of 1.79. The business has a 50 day simple moving average of $320.97 and a 200 day simple moving average of $292.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03.
Zebra Technologies declared that its Board of Directors has initiated a stock repurchase 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 repurchase up to 1.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ZBRA. Needham & Company LLC boosted their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Citigroup reiterated a “neutral” rating and set a $342.00 price target (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Truist Financial increased their target price on Zebra Technologies from $269.00 to $319.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Zacks Research raised Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Finally, BNP Paribas Exane upgraded Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 target price for the company in a research note on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $357.44.
Check Out Our Latest Report on Zebra Technologies
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.
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