 Brighton Jones LLC purchased a new position in shares of  Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,065 shares of the industrial products company’s stock, valued at approximately $328,000.
Brighton Jones LLC purchased a new position in shares of  Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,065 shares of the industrial products company’s stock, valued at approximately $328,000. 
A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Zebra Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company’s stock worth $1,798,627,000 after buying an additional 104,940 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company’s stock valued at $334,469,000 after acquiring an additional 255,193 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Zebra Technologies by 4.7% in the 1st quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company’s stock valued at $276,375,000 after purchasing an additional 43,500 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Zebra Technologies by 15.8% in the 1st quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company’s stock worth $162,718,000 after purchasing an additional 78,506 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Zebra Technologies by 36.4% in the 1st quarter. Bank of New York Mellon Corp now owns 442,788 shares of the industrial products company’s stock worth $125,114,000 after purchasing an additional 118,247 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.
Zebra Technologies Trading Down 3.5%
ZBRA stock opened at $261.37 on Friday. 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 Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a market cap of $13.29 billion, a P/E ratio of 26.35 and a beta of 1.75. The business has a fifty day moving average of $304.91 and a 200-day moving average of $298.83.
Zebra Technologies declared that its Board of Directors has initiated a share repurchase plan 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 purchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of research firms have commented on ZBRA. Robert W. Baird boosted their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. BNP Paribas Exane upgraded Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 price target on the stock in a research report on Thursday, July 10th. Morgan Stanley lifted their price objective on Zebra Technologies from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. BNP Paribas raised Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Finally, Citigroup lowered their target price on Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $354.00.
View Our Latest Report on ZBRA
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.
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