Herbalife Ltd. (NYSE:HLF) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 37.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,132 shares of the company's stock after acquiring an additional 146,750 shares during the period. Bank of New York Mellon Corp owned about 0.53% of Herbalife worth $3,607,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HLF. Perpetual Ltd increased its holdings in Herbalife by 107.1% during the 4th quarter. Perpetual Ltd now owns 966,063 shares of the company's stock worth $6,463,000 after purchasing an additional 499,572 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Herbalife by 20.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company's stock worth $16,448,000 after purchasing an additional 384,100 shares during the period. Iridian Asset Management LLC CT increased its holdings in Herbalife by 12.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 2,507,740 shares of the company's stock worth $16,777,000 after purchasing an additional 279,547 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Herbalife by 15.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company's stock worth $11,066,000 after purchasing an additional 206,530 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Herbalife by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company's stock worth $17,831,000 after purchasing an additional 160,792 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HLF shares. StockNews.com upgraded Herbalife from a "buy" rating to a "strong-buy" rating in a report on Friday. DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.50 to $14.00 in a report on Friday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $12.00.

Herbalife Price Performance

Shares of HLF traded up $0.43 during mid-day trading on Friday, reaching $8.42. The company's stock had a trading volume of 3,714,181 shares, compared to its average volume of 2,198,549. Herbalife Ltd. has a 12-month low of $5.04 and a 12-month high of $12.79. The stock has a market cap of $852.89 million, a PE ratio of 3.38, a price-to-earnings-growth ratio of 0.29 and a beta of 1.03. The company's 50 day moving average is $6.97 and its 200 day moving average is $7.21.

Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.28. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, sell-side analysts anticipate that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $8.25 per share, for a total transaction of $41,250.00. Following the purchase, the director now directly owns 132,500 shares of the company's stock, valued at $1,093,125. This represents a 3.92 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.73% of the stock is currently owned by company insiders.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.