Allworth Financial LP Buys 44 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Allworth Financial LP raised its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 29.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 192 shares of the industrial products company’s stock after buying an additional 44 shares during the quarter. Allworth Financial LP’s holdings in Zebra Technologies were worth $54,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in 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 increased its holdings in 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 during the period. Brown Advisory Inc. raised its position in shares of Zebra Technologies by 8.7% in the 1st quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company’s stock valued at $495,000 after buying an additional 140 shares in the last quarter. 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on ZBRA shares. BNP Paribas Exane upgraded shares of Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 price objective for the company in a research report on Thursday, July 10th. Morgan Stanley upped their price objective on Zebra Technologies from $245.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 28th. BNP Paribas upgraded Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Citigroup reissued a “neutral” rating and issued a $342.00 target price (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, Truist Financial reduced their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $350.82.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $331.73 on Friday. The stock’s 50-day moving average is $302.80 and its 200-day moving average is $307.77. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a current ratio of 1.45, a quick ratio of 1.02 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 (NASDAQ:ZBRA) last posted 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 net margin of 10.73% and a return on equity of 18.77%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $2.84 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share 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.