Hartline Investment Corp Has $6.78 Million Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Hartline Investment Corp boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,552 shares of the industrial products company’s stock after buying an additional 710 shares during the period. Zebra Technologies makes up approximately 0.8% of Hartline Investment Corp’s holdings, making the stock its 28th biggest holding. Hartline Investment Corp’s holdings in Zebra Technologies were worth $6,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Zebra Technologies in the third quarter valued at approximately $247,000. Point72 DIFC Ltd acquired a new stake in shares of Zebra Technologies in the third quarter valued at approximately $2,113,000. LVM Capital Management Ltd. MI acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $643,000. Versor Investments LP acquired a new stake in shares of Zebra Technologies in the third quarter valued at approximately $1,752,000. Finally, Cerity Partners LLC raised its holdings in shares of Zebra Technologies by 45.3% in the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after purchasing an additional 3,328 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZBRA has been the topic of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup started coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price for the company. Needham & Company LLC raised their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $401.25.

Zebra Technologies Trading Down 1.4 %

ZBRA stock opened at $358.44 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The company has a fifty day moving average price of $397.18 and a two-hundred day moving average price of $373.69. Zebra Technologies Co. has a one year low of $243.49 and a one year high of $427.76. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 48.77 and a beta of 1.63.

About Zebra Technologies

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.