On June 28, 2023, financial services firm Raymond James & Associates revealed a significant increase in its stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the first quarter. According to the company’s 13F filing with the Securities and Exchange Commission (SEC), Raymond James & Associates now owns 151,572 shares of the industrial products company’s stock, representing a boost of 7.5%. This surge entailed purchasing an additional 10,619 shares over the quarter and has propelled their ownership to approximately 0.29% of Zebra Technologies.
The value of this increased stake is estimated to be around $48.2 million at the end of the reporting period. Considering Zebra Technologies’ market capitalization stands at $14.54 billion, Raymond James & Associates’ investment holds substantial weight within the organization’s overall holdings.
To gain more insight into other hedge funds currently invested in ZBRA, financial enthusiasts can head over to HoldingsChannel.com for access to the latest 13F filings and insider trades pertaining to Zebra Technologies Co. (NASDAQ:ZBRA). This visit would provide them with a comprehensive understanding of how various investment firms view the potential growth and profitability prospects associated with this particular stock.
Looking specifically at market performance on June 28th, NASDAQ:ZBRA commenced trading at $282.81 per share. Notably, this figure falls within a range set by its 12-month low of $224.87 and its 12-month high of $365.97. The share price showcases a stable position within these boundaries while reflecting stability in investor sentiment towards Zebra Technologies’ stock.
Analyzing additional indicators demonstrating performance trends reveals that Zebra Technologies Co.’s fifty-day simple moving average lies at $274.64, showcasing consistency over this time period. Furthermore, its two hundred-day simple moving average stands at $287.02, reinforcing the steady position maintained by the company’s stock in recent months.
With a market capitalization of $14.54 billion, Zebra Technologies has established itself within the industrial products sector as a significant player. With a price-earnings ratio of 24.38 and a beta coefficient of 1.66, investors can get a glimpse into the company’s profitability potential and its sensitivity to market movements.
Zebra Technologies’ financial health shows encouraging signs with a current ratio of 0.88, suggesting that it possesses sufficient assets to cover short-term liabilities if necessary. Similarly, its quick ratio stands at 0.47, indicating that the company can comfortably meet immediate financial obligations.
Finally, considering the debt-to-equity ratio provides further insight into Zebra Technologies’ financial position. Currently standing at 0.65, this figure reflects manageable levels of debt when compared to shareholders’ equity, mitigating potential risks associated with excessive leverage.
In conclusion, Raymond James & Associates has significantly expanded its holdings in Zebra Technologies Co., augmenting their stake by 7.5% in the first quarter alone. With 151,572 shares under their ownership linking to an approximate value of $48.2 million, Raymond James & Associates solidifies itself as an influential investor within the industrial products firm’s portfolio.
Investors interested in exploring further investment opportunities surrounding ZBRA are encouraged to delve into HoldingsChannel.com for comprehensive information on other hedge funds and insider trades pertaining to this stock.
As for Zebra Technologies itself, trading commenced on June 28th at $282.81 per share—within a range set by its one-year low and high prices of $224.87 and $365.97 respectively—fostering stability and providing investors with confidence in their investment decisions.
Applying moving averages demonstrates consistent performance trends over different time horizons such as the fifty-day simple moving average of $274.64 and the two hundred-day simple moving average of $287.02.
With a solid market capitalization of $14.54 billion, a favorable price-earnings ratio of 24.38, and a beta coefficient of 1.66 indicating sensitivity to market movements, Zebra Technologies Co. showcases promising growth potential.
Furthermore, the company’s financial health appears robust with a current ratio of 0.88 and a quick ratio of 0.47, ensuring liquidity in meeting short-term obligations.
Lastly, its manageable debt-to-equity ratio of 0.65 highlights prudent financial management and mitigates any excessive leverage-related risks that may impact shareholder value down the line.
All these elements combined present an intriguing investment prospect for individuals observing Zebra Technologies Co., its performance, and its position within the industrial products sector moving forward in future quarters
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Institutional Investors and Hedge Funds Show Growing Interest in Zebra Technologies
Zebra Technologies Co. (NASDAQ:ZBRA) has drawn the attention of several institutional investors and hedge funds, leading to significant modifications in their holdings of the stock. Macquarie Group Ltd. increased its stake in Zebra Technologies by 131.5% during the 4th quarter, now owning 765,417 shares worth a staggering $196,261,000. Norges Bank also acquired a new stake in the company during the same period, valued at approximately $108,922,000. Alyeska Investment Group L.P. and Millennium Management LLC followed suit with their own purchases, totaling $63,393,000 and $44,935,000 respectively.
The recent surge in interest from these prominent financial players adds to Zebra Technologies’ growing popularity among investors. Morgan Stanley’s stake has risen by 37.7%, resulting in ownership of 519,955 shares valued at $133,322,000. The cumulative investments made by hedge funds and other institutional investors currently account for a substantial 85.46% of the company’s stock.
Multiple equities research analysts have been closely monitoring Zebra Technologies as well and have issued reports on its performance. Needham & Company LLC recently adjusted its price target from $385.00 to $340.00 while Credit Suisse Group decreased theirs from $326.00 to $295.00. Robert W. Baird also lowered their target price on the company from $365.00 to $322.00.
Despite these revisions by some analysts, others remain optimistic about Zebra Technologies’ potential for growth in the market with StockNews.com giving it a “hold” rating and TD Cowen rating it as “outperform.” According to Bloomberg.com data, Zebra Technologies currently holds an average rating of “Moderate Buy,” with a consensus target price of $348.14.
For those interested in exploring more details about Zebra Technologies’ investments and insider trades, HoldingsChannel.com provides access to the latest 13F filings. Additionally, the website offers valuable insights into the company’s financial status.
In terms of its recent financial performance, Zebra Technologies announced its quarterly earnings on May 2nd. The industrial products company surpassed analysts’ consensus estimates by reporting earnings per share (EPS) of $3.59 for the quarter, exceeding expectations of $3.55 by a slight margin of $0.04. Zebra Technologies also achieved a commendable return on equity of 30.69% with a net margin of 7.09%. The company disclosed revenue figures amounting to $1.41 billion, surpassing the consensus estimate of $1.39 billion.
Zebra Technologies Corporation operates in two segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility within the automatic identification and data capture solutions industry globally. As part of its operations, the company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards.
With an extensive product portfolio consisting of dye-sublimination thermal card printers used for personal identification and access control purposes, RFID printers that encode data into passive RFID transponders, accessories for their printers like vehicle mounts and battery chargers, as well as stock and customized thermal labels and receipts for their printers, Zebra Technologies caters to a wide range of customer needs.
Moreover, it offers temperature-monitoring labels predominantly used in vaccine distribution—an area gaining significant importance in today’s context.
The continued interest from institutional investors and hedge funds coupled with Zebra Technologies’ positive financial results have positioned the company as an attractive investment option. As we move further into 2023, it will be intriguing to observe how these factors affect its overall growth trajectory.
