Parallel Advisors LLC Raises Stock Position in Zebra Technologies Corporation $ZBRA

Parallel Advisors LLC boosted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 101.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 457 shares of the industrial products company’s stock after buying an additional 230 shares during the quarter. Parallel Advisors LLC’s holdings in Zebra Technologies were worth $141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norway Savings Bank grew its position in shares of Zebra Technologies by 20.1% in the second quarter. Norway Savings Bank now owns 3,960 shares of the industrial products company’s stock valued at $1,221,000 after purchasing an additional 662 shares during the period. Kera Capital Partners Inc. acquired a new stake in shares of Zebra Technologies in the second quarter valued at about $471,000. Private Client Services LLC acquired a new stake in shares of Zebra Technologies in the second quarter valued at about $1,054,000. Swedbank AB grew its position in shares of Zebra Technologies by 12.2% in the first quarter. Swedbank AB now owns 33,123 shares of the industrial products company’s stock valued at $9,359,000 after purchasing an additional 3,600 shares during the period. Finally, Modern Wealth Management LLC grew its position in shares of Zebra Technologies by 5.9% in the first quarter. Modern Wealth Management LLC now owns 5,564 shares of the industrial products company’s stock valued at $1,572,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 0.4%

Shares of ZBRA stock opened at $314.05 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The stock has a market capitalization of $15.97 billion, a P/E ratio of 29.66 and a beta of 1.79. The company has a 50 day moving average price of $320.72 and a 200 day moving average price of $293.19. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.30. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.18 earnings per share. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Equities research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its Board of Directors has authorized a share repurchase plan on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Robert W. Baird boosted their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. Needham & Company LLC boosted their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. BNP Paribas upgraded shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Finally, Barclays set a $301.00 price target on shares of Zebra Technologies and gave the stock an “equal weight” rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $357.44.

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.