MAI Capital Management Invests $225,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Posted by Defense World Staff on Aug 25th, 2023

MAI Capital Management bought a new stake in Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 709 shares of the industrial products company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZBRA. Macquarie Group Ltd. lifted its stake in shares of Zebra Technologies by 131.5% in the 4th quarter. Macquarie Group Ltd. now owns 765,417 shares of the industrial products company’s stock valued at $196,261,000 after acquiring an additional 434,810 shares during the last quarter. Norges Bank bought a new stake in shares of Zebra Technologies in the 4th quarter valued at about $108,922,000. Alyeska Investment Group L.P. bought a new stake in shares of Zebra Technologies in the 4th quarter valued at about $63,393,000. Compass Capital Management Inc. bought a new stake in shares of Zebra Technologies in the 1st quarter valued at about $51,494,000. Finally, Millennium Management LLC lifted its stake in shares of Zebra Technologies by 1,165.5% in the 4th quarter. Millennium Management LLC now owns 175,245 shares of the industrial products company’s stock valued at $44,935,000 after acquiring an additional 161,397 shares during the last quarter. Institutional investors own 85.46% of the company’s stock.

Zebra Technologies Stock Down 1.5 %

ZBRA stock opened at $265.92 on Friday. Zebra Technologies Co. has a fifty-two week low of $224.87 and a fifty-two week high of $351.74. The business’s 50 day moving average price is $283.03 and its two-hundred day moving average price is $288.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.99. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 21.26 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.33. Zebra Technologies had a return on equity of 27.44% and a net margin of 11.82%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business earned $4.22 EPS. The business’s revenue for the quarter was down 17.3% on a year-over-year basis. As a group, analysts forecast that Zebra Technologies Co. will post 10.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Frank Blaise Modruson purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $254.59 per share, for a total transaction of $254,590.00. Following the purchase, the director now directly owns 13,834 shares of the company’s stock, valued at approximately $3,521,998.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 3,000 shares of company stock worth $742,880 in the last 90 days. Insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley lowered their price target on Zebra Technologies from $295.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 2nd. StockNews.com assumed coverage on Zebra Technologies in a research report on Thursday, August 17th. They set a “hold” rating for the company. TD Cowen lowered their price target on Zebra Technologies from $350.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Wolfe Research raised Zebra Technologies from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group lowered their price target on Zebra Technologies from $295.00 to $275.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $316.86.

Get Our Latest Research Report on ZBRA

Zebra Technologies Profile

(Free Report)

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.