Herbalife Ltd. (NYSE:HLF) Shares Purchased by Perpetual Ltd

Perpetual Ltd raised its holdings in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 107.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 966,063 shares of the company's stock after purchasing an additional 499,572 shares during the period. Perpetual Ltd owned 0.96% of Herbalife worth $6,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Carolina Wealth Advisors LLC purchased a new stake in Herbalife in the third quarter worth $78,000. Range Financial Group LLC purchased a new stake in shares of Herbalife in the 4th quarter worth about $124,000. Prospera Financial Services Inc bought a new stake in shares of Herbalife during the 3rd quarter valued at about $154,000. DGS Capital Management LLC increased its position in shares of Herbalife by 63.7% during the third quarter. DGS Capital Management LLC now owns 24,454 shares of the company's stock valued at $176,000 after buying an additional 9,513 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Herbalife in the third quarter worth about $199,000.

Wall Street Analyst Weigh In

HLF has been the subject of several recent research reports. DA Davidson lowered their price objective on Herbalife from $13.00 to $7.50 and set a "neutral" rating for the company in a research report on Thursday, October 31st. B. Riley dropped their price target on Herbalife from $17.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Citigroup reduced their price objective on Herbalife from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, October 25th. 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 shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $9.90.

Herbalife Stock Down 0.5 %

Shares of Herbalife stock traded down $0.04 during trading hours on Wednesday, reaching $6.54. 1,474,746 shares of the stock traded hands, compared to its average volume of 1,697,711. Herbalife Ltd. has a one year low of $6.05 and a one year high of $12.90. The firm has a market capitalization of $659.57 million, a price-to-earnings ratio of 7.70, a P/E/G ratio of 0.22 and a beta of 1.18. The company has a 50 day moving average price of $7.25 and a 200 day moving average price of $8.04.

Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.38. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Sell-side analysts anticipate that Herbalife Ltd. will post 1.51 earnings per share for the current year.

Herbalife Profile

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.