Hsbc Holdings PLC Makes New $2 Million Investment in Proto Labs, Inc. $PRLB

Hsbc Holdings PLC bought a new position in shares of Proto Labs, Inc. (NYSE:PRLB) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 24,699 shares of the industrial products company’s stock, valued at approximately $2,005,000.

A number of other institutional investors have also recently bought and sold shares of the company. Group One Trading LLC acquired a new position in Proto Labs in the 4th quarter worth $25,000. NewEdge Advisors LLC grew its holdings in Proto Labs by 7,380.0% during the first quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 738 shares during the period. USA Financial Formulas acquired a new position in Proto Labs during the first quarter worth approximately $52,000. Modus Advisors LLC bought a new position in Proto Labs in the 4th quarter valued at about $57,000. Finally, Aquatic Capital Management LLC acquired a new stake in Proto Labs during the third quarter worth approximately $64,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

Insiders Place Their Bets

In other Proto Labs news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $77.28, for a total transaction of $154,560.00. Following the transaction, the director owned 32,505 shares in the company, valued at approximately $2,511,986.40. This represents a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Proto Labs Price Performance

Shares of PRLB opened at $79.64 on Monday. The firm has a market capitalization of $1.90 billion, a PE ratio of 63.71 and a beta of 1.40. The company has a 50-day simple moving average of $80.43 and a two-hundred day simple moving average of $71.01. Proto Labs, Inc. has a one year low of $45.10 and a one year high of $93.00.

Proto Labs (NYSE:PRLB) last released its earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (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 analyst estimates of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Analysts expect that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PRLB shares. Benchmark raised their price target on shares of Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. 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. Wall Street Zen cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Needham & Company LLC upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Monday, August 3rd. Finally, Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $89.00.

Proto Labs Profile

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.