Zimmer Biomet Holdings Inc (ZBH) Shares Bought by United Services Automobile Association

United Services Automobile Association grew its position in shares of Zimmer Biomet Holdings Inc (NYSE:ZBH) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 323,186 shares of the medical equipment provider’s stock after buying an additional 23,542 shares during the period. United Services Automobile Association owned about 0.16% of Zimmer Biomet worth $42,489,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Welch Group LLC bought a new stake in shares of Zimmer Biomet in the 3rd quarter worth approximately $78,882,000. Whitener Capital Management Inc. bought a new stake in shares of Zimmer Biomet in the 3rd quarter worth approximately $109,000. Girard Partners LTD. bought a new stake in shares of Zimmer Biomet in the 3rd quarter worth approximately $114,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Zimmer Biomet by 5,200.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,007 shares of the medical equipment provider’s stock worth $112,000 after purchasing an additional 988 shares during the last quarter. Finally, Twin Tree Management LP lifted its holdings in shares of Zimmer Biomet by 198.0% in the 3rd quarter. Twin Tree Management LP now owns 1,208 shares of the medical equipment provider’s stock worth $159,000 after purchasing an additional 2,441 shares during the last quarter. 87.10% of the stock is currently owned by institutional investors.

Shares of Zimmer Biomet stock opened at $117.02 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.96 and a current ratio of 1.89. The firm has a market cap of $23.87 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.16. Zimmer Biomet Holdings Inc has a 1-year low of $104.28 and a 1-year high of $134.55.

Zimmer Biomet (NYSE:ZBH) last announced its earnings results on Friday, October 26th. The medical equipment provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.03. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.84 billion. Zimmer Biomet had a return on equity of 12.88% and a net margin of 22.42%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 EPS. On average, research analysts forecast that Zimmer Biomet Holdings Inc will post 7.64 EPS for the current fiscal year.

Several analysts recently issued reports on ZBH shares. Zacks Investment Research downgraded Zimmer Biomet from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Morgan Stanley raised their price target on Zimmer Biomet from $140.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, October 11th. UBS Group started coverage on Zimmer Biomet in a report on Tuesday, November 27th. They issued a “buy” rating and a $140.00 price target on the stock. Oppenheimer reissued a “buy” rating on shares of Zimmer Biomet in a report on Monday, August 27th. Finally, Jefferies Financial Group cut their price target on Zimmer Biomet from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $134.90.

In other Zimmer Biomet news, VP Chad F. Phipps sold 30,100 shares of Zimmer Biomet stock in a transaction on Friday, September 21st. The stock was sold at an average price of $132.37, for a total transaction of $3,984,337.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.71% of the stock is owned by insiders.

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Zimmer Biomet Profile

Zimmer Biomet Holdings, Inc, together with its subsidiaries, designs, manufactures, and markets musculoskeletal healthcare products and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through four segments: Spine, less Asia Pacific; Office Based Technologies; Craniomaxillofacial and Thoracic; and Dental.

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Institutional Ownership by Quarter for Zimmer Biomet (NYSE:ZBH)

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