Allianz Asset Management GmbH Sells 186,570 Shares of Zebra Technologies Corporation $ZBRA

Allianz Asset Management GmbH trimmed its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 75.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 62,058 shares of the industrial products company’s stock after selling 186,570 shares during the quarter. Allianz Asset Management GmbH’s holdings in Zebra Technologies were worth $19,136,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. grew its position in Zebra Technologies by 1.9% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company’s stock valued at $527,000 after purchasing an additional 35 shares during the last quarter. Allworth Financial LP grew its position in Zebra Technologies by 29.7% during the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 44 shares during the last quarter. Horizon Investments LLC grew its position in Zebra Technologies by 6.5% during the 1st quarter. Horizon Investments LLC now owns 750 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 46 shares during the last quarter. Whittier Trust Co. grew its position in Zebra Technologies by 15.8% during the 1st quarter. Whittier Trust Co. now owns 344 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 47 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Zebra Technologies by 81.7% during the 2nd quarter. Blue Trust Inc. now owns 109 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 49 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 NASDAQ ZBRA opened at $293.31 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. The company has a market cap of $14.91 billion, a PE ratio of 27.70 and a beta of 1.75. The firm’s 50-day moving average price is $309.25 and its 200-day moving average price is $295.05. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.30. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its board has initiated a share repurchase program on Tuesday, August 5th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZBRA. BNP Paribas Exane raised shares of Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 price objective on the stock in a research report on Thursday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Zebra Technologies in a research report on Wednesday, October 8th. BNP Paribas raised shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Morgan Stanley raised their price target on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, Citigroup raised their price target on shares of Zebra Technologies from $340.00 to $346.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $369.56.

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.