Billionaire David Harding is Buying These 5 Stocks

In this article, we will be looking at the 5 stocks billionaire David Harding is currently buying. If you want to see our comprehensive analysis of Harding’s history, investment philosophy and hedge fund performance, go directly to Billionaire David Harding is Buying These 10 Stocks.

5. Zimmer Biomet Holdings, Inc. (NYSE:ZBH)

Winton Capital Management’s Stake Value: $1.46 million

Percentage of Winton Capital Management’s 13F portfolio: 0.08%

Total Number of Hedge Fund Holders: 47

Zimmer Biomet Holdings, Inc. (NYSE: ZBH) deals in the design, manufacture and supply of musculoskeletal products around the globe. These include orthopedic reconstructive products, such as hip and knee replacement products, as well as devices used for rehabilitative purposes during surgery.

On November 23, research firm Argus downgraded the company’s stock from ‘Buy’ to ‘Hold’. The company has suffered from the spread of the Delta variant and a ban on elective surgeries in most parts of the world. The firm’s analyst David Toung added that pricing cuts in China were also pressuring gross and operating margins.

In the third quarter of 2021, Zimmer Biomet Holdings, Inc. (NYSE: ZBH) posted an EPS of $1.81, beating estimates by $0.05.

Out of 867 hedge funds tracked by Insider Monkey, 47 reported owning shares in Zimmer Biomet Holdings, Inc. (NYSE: ZBH) by end of September. The combined value of these holdings stood at $1.66 billion.