Hsbc Holdings PLC Invests $2 Million in Proto Labs, Inc. $PRLB

Hsbc Holdings PLC bought a new position in Proto Labs, Inc. (NYSE:PRLBFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,699 shares of the industrial products company’s stock, valued at approximately $2,005,000. Hsbc Holdings PLC owned 0.10% of Proto Labs at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PRLB. Group One Trading LLC bought a new position in shares of Proto Labs in the fourth quarter valued at $25,000. NewEdge Advisors LLC lifted its holdings in shares of Proto Labs by 7,380.0% during the first quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 738 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Proto Labs in the 1st quarter valued at $52,000. Modus Advisors LLC acquired a new position in shares of Proto Labs in the fourth quarter worth about $57,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Proto Labs in the third quarter valued at $64,000. 84.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Sven Wehrwein sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total transaction of $154,560.00. Following the completion of the sale, the director owned 32,505 shares in the company, valued at $2,511,986.40. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings downgraded shares of Proto Labs from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Needham & Company LLC upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Monday, August 3rd. Benchmark upped their target price on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Zacks Research upgraded shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Proto Labs presently has a consensus rating of “Buy” and an average target price of $89.00.

View Our Latest Stock Analysis on PRLB

Proto Labs Stock Performance

NYSE PRLB opened at $79.64 on Monday. Proto Labs, Inc. has a twelve month low of $45.10 and a twelve month high of $93.00. The stock has a market cap of $1.90 billion, a PE ratio of 63.71 and a beta of 1.40. The firm has a 50-day simple moving average of $80.43 and a 200 day simple moving average of $71.01.

Proto Labs (NYSE:PRLBGet Free Report) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.53 by $0.07. The firm had revenue of $149.34 million during the quarter, compared to analysts’ expectations of $144.53 million. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Research analysts forecast that Proto Labs, Inc. will post 1.46 earnings per share for the current fiscal year.

Proto Labs Company Profile

(Free Report)

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.

See Also

Institutional Ownership by Quarter for Proto Labs (NYSE:PRLB)

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