Vanguard Group Inc. lifted its position in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,271,417 shares of the company's stock after buying an additional 785,574 shares during the quarter. Vanguard Group Inc. owned approximately 11.18% of Herbalife worth $75,406,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in Herbalife by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company's stock valued at $18,040,000 after buying an additional 216,603 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Herbalife by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company's stock valued at $18,809,000 after purchasing an additional 105,431 shares in the last quarter. Iridian Asset Management LLC CT boosted its stake in shares of 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 last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Herbalife by 110.2% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,022,605 shares of the company's stock valued at $6,841,000 after buying an additional 536,196 shares during the period. Finally, Perpetual Ltd grew its stake in Herbalife by 107.1% in the 4th quarter. Perpetual Ltd now owns 966,063 shares of the company's stock worth $6,463,000 after acquiring an additional 499,572 shares during the period.
Analyst Ratings Changes
Several equities analysts recently weighed in on HLF shares. StockNews.com upgraded Herbalife from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 21st. DA Davidson upgraded shares of Herbalife from a "neutral" rating to a "buy" rating and boosted their target price for the company from $7.50 to $14.00 in a report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $12.00.
Read Our Latest Analysis on HLF
Insider Transactions at Herbalife
In related news, Director Juan Miguel Mendoza acquired 5,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $8.25 per share, with a total value of $41,250.00. Following the completion of the transaction, the director now owns 132,500 shares of the company's stock, valued at approximately $1,093,125. This trade represents a 3.92 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.73% of the stock is currently owned by insiders.
Herbalife Price Performance
Shares of HLF stock traded down $0.06 during trading hours on Wednesday, reaching $6.51. The stock had a trading volume of 181,457 shares, compared to its average volume of 2,234,127. The firm has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $7.27. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79. The firm has a market capitalization of $659.22 million, a PE ratio of 2.61, a price-to-earnings-growth ratio of 0.29 and a beta of 1.02.
Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.28. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. On average, equities analysts anticipate that Herbalife Ltd. will post 1.57 earnings per share for the current year.
Herbalife Company Profile
(
Free Report)
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.
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