Should You Invest in Zebra Technologies Corporation (ZBRA)?
The London Company, an investment management company, released “The London Company SMID Cap Strategy” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined 5.0% (-5.1% net) compared to a 4.8% fall in the Russell 2500 Index. A lack of exposure to the Energy sector drove the portfolio's underperformance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
The London Company SMID Cap Strategy highlighted stocks like Zebra Technologies Corporation (NASDAQ:ZBRA) in the third quarter 2023 investor letter. Headquartered in Lincolnshire, Illinois, Zebra Technologies Corporation (NASDAQ:ZBRA) provides enterprise asset intelligence solutions in the automatic identification and data capture products. On November 2, 2023, Zebra Technologies Corporation (NASDAQ:ZBRA) stock closed at $207.00 per share. One-month return of Zebra Technologies Corporation (NASDAQ:ZBRA) was -7.53%, and its shares lost 10.22% of their value over the last 52 weeks. Zebra Technologies Corporation (NASDAQ:ZBRA) has a market capitalization of $10.631 billion.
The London Company SMID Cap Strategy made the following comment about Zebra Technologies Corporation (NASDAQ:ZBRA) in its Q3 2023 investor letter:
"Initiated: Zebra Technologies Corporation (NASDAQ:ZBRA – ZBRA is the largest player in the global automatic identification and data capture (AIDC) market. It sells purpose-built, enterprise-grade devices (i.e. barcode scanners, RFID technology, & mobile computing devices) that require substantial engineering prowess and robust support and servicing for mission critical applications. Sources of moat include scale, a vast, global distribution network, close customer relationships, a reputation for innovation, a comprehensive solution set, and bargaining power. We’re attracted it its strong balance sheet, compelling valuation and secular tailwinds. ZBRA’s ability to provide automation, data analytics, and supply chain visibility solutions positions it well to capitalize on the growing demand for these services across various industries."
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Zebra Technologies Corporation (NASDAQ:ZBRA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held Zebra Technologies Corporation (NASDAQ:ZBRA) at the end of second quarter which was 26 in the previous quarter.
We discussed Zebra Technologies Corporation (NASDAQ:ZBRA) in another article and shared list of best robotics stocks to buy. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
