Zimmer Biomet
About: Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive implants, as well as supplies and surgical equipment for orthopedic surgery. With the acquisitions of Centerpulse in 2003 and Biomet in 2015, Zimmer holds the leading share of the reconstructive market in the United States, Europe, and Japan. Roughly two thirds of total revenue is derived from sales of large joints, another quarter comes from extremities, trauma, sports medicine, and related surgical products. The firm spun out its dental and spine businesses in 2022.
Employees: 18,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% less funds holding
Funds holding: 992 [Q1] → 989 (-3) [Q2]
3% less first-time investments, than exits
New positions opened: 92 | Existing positions closed: 95
2.57% less ownership
Funds ownership: 92.92% [Q1] → 90.35% (-2.57%) [Q2]
11% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 8 (-1) [Q2]
17% less capital invested
Capital invested by funds: $24.4B [Q1] → $20.2B (-$4.25B) [Q2]
25% less repeat investments, than reductions
Existing positions increased: 299 | Existing positions reduced: 399
38% less call options, than puts
Call options by funds: $45.4M | Put options by funds: $73.6M
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Oppenheimer Steven Lichtman 65% 1-year accuracy 11 / 17 met price target | 29%upside $135 | Outperform Maintained | 15 Oct 2024 |
Raymond James Jayson Bedford 58% 1-year accuracy 18 / 31 met price target | 17%upside $123 | Outperform Maintained | 14 Oct 2024 |
RBC Capital Shagun Singh 66% 1-year accuracy 27 / 41 met price target | 14%upside $120 | Outperform Maintained | 8 Oct 2024 |
BTIG Ryan Zimmerman 74% 1-year accuracy 28 / 38 met price target | 20%upside $126 | Buy Maintained | 3 Oct 2024 |
Evercore ISI Group Vijay Kumar 74% 1-year accuracy 28 / 38 met price target | 5%upside $110 | In-Line Maintained | 1 Oct 2024 |
Financial journalist opinion
Based on 4 articles about ZBH published over the past 30 days