Magnetar Financial LLC Sells 21,031 Shares of Zebra Technologies Corporation $ZBRA

Magnetar Financial LLC trimmed its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 61.9% in the second quarter, Holdings Channel.com reports. The firm owned 12,944 shares of the industrial products company’s stock after selling 21,031 shares during the period. Magnetar Financial LLC’s holdings in Zebra Technologies were worth $3,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Zebra Technologies by 31.9% in the 2nd quarter. Fifth Third Bancorp now owns 4,123 shares of the industrial products company’s stock valued at $1,271,000 after buying an additional 996 shares in the last quarter. Symphony Financial Ltd. Co. bought a new position in Zebra Technologies during the second quarter worth about $23,253,000. Ground Swell Capital LLC grew its stake in Zebra Technologies by 128.3% in the second quarter. Ground Swell Capital LLC now owns 1,737 shares of the industrial products company’s stock valued at $536,000 after acquiring an additional 976 shares during the period. Bryce Point Capital LLC bought a new stake in shares of Zebra Technologies in the second quarter worth about $950,000. Finally, Savant Capital LLC raised its position in shares of Zebra Technologies by 499.7% during the second quarter. Savant Capital LLC now owns 7,010 shares of the industrial products company’s stock worth $2,162,000 after purchasing an additional 5,841 shares during the period. 91.03% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Satish Dhanasekaran bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $233.12 per share, for a total transaction of $233,120.00. Following the completion of the acquisition, the director owned 3,356 shares of the company’s stock, valued at approximately $782,350.72. The trade was a 42.44% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ZBRA. Truist Financial cut their price objective on Zebra Technologies from $350.00 to $331.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Zacks Research lowered shares of Zebra Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, October 8th. Needham & Company LLC raised their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Barclays reduced their target price on shares of Zebra Technologies from $375.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $354.00.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $240.95 on Friday. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The company’s fifty day simple moving average is $284.17 and its 200-day simple moving average is $300.11. The firm has a market cap of $12.21 billion, a PE ratio of 24.29 and a beta of 1.80. The company has a quick ratio of 1.03, a current ratio of 1.61 and a debt-to-equity ratio of 0.56.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.13. Zebra Technologies had a net margin of 9.74% and a return on equity of 18.08%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $3.49 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Zebra Technologies has set its Q4 2025 guidance at 4.200-4.400 EPS. FY 2025 guidance at 15.800-15.800 EPS. Equities research analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies declared that its board has authorized a stock buyback program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Zebra Technologies Company 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.