Herbalife (NYSE:HLF) Shares Down 6.3% - Should You Sell?

Herbalife Ltd. (NYSE:HLF - Get Free Report) fell 6.3% during trading on Tuesday . The stock traded as low as $6.32 and last traded at $6.10. 72,211 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,611,923 shares. The stock had previously closed at $6.51.

Analyst Upgrades and Downgrades

Several research firms have commented on HLF. Citigroup decreased their target price on shares of Herbalife from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, October 25th. DA Davidson decreased their price objective on shares of Herbalife from $13.00 to $7.50 and set a "neutral" rating for the company in a report on Thursday, October 31st. B. Riley cut their target price on Herbalife from $17.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. StockNews.com raised Herbalife from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Finally, Mizuho increased their price objective on Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.90.

Herbalife Stock Performance

The stock's 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $7.78. The stock has a market cap of $534.69 million, a price-to-earnings ratio of 6.24, a price-to-earnings-growth ratio of 0.18 and a beta of 1.15.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HLF. AQR Capital Management LLC bought a new position in shares of Herbalife during the 2nd quarter worth approximately $602,000. The Manufacturers Life Insurance Company grew its holdings in shares of Herbalife by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,311 shares of the company's stock worth $533,000 after purchasing an additional 1,660 shares during the last quarter. Algert Global LLC increased its position in shares of Herbalife by 98.9% during the 2nd quarter. Algert Global LLC now owns 20,173 shares of the company's stock worth $210,000 after purchasing an additional 10,033 shares in the last quarter. Perpetual Ltd lifted its holdings in Herbalife by 21.4% during the 3rd quarter. Perpetual Ltd now owns 466,491 shares of the company's stock valued at $3,354,000 after purchasing an additional 82,231 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in Herbalife by 66.6% during the 3rd quarter. Inspire Investing LLC now owns 56,421 shares of the company's stock valued at $406,000 after purchasing an additional 22,558 shares during the last quarter.

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.