Diversify Wealth Management LLC Boosts Stake in Herbalife Ltd (NYSE:HLF)

Diversify Wealth Management LLC grew its holdings in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 40.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,601 shares of the company's stock after buying an additional 78,530 shares during the period. Diversify Wealth Management LLC owned 0.27% of Herbalife worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Herbalife by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock worth $75,406,000 after buying an additional 785,574 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Herbalife by 9.9% during the 4th quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company's stock worth $47,425,000 after buying an additional 638,567 shares during the last quarter. Long Focus Capital Management LLC lifted its holdings in Herbalife by 27.3% during the 4th quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock worth $31,832,000 after buying an additional 1,020,127 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Herbalife by 777.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company's stock worth $19,986,000 after buying an additional 2,646,848 shares during the last quarter. Finally, Iridian Asset Management LLC CT lifted its holdings in Herbalife by 10.7% during the 1st quarter. Iridian Asset Management LLC CT now owns 2,775,430 shares of the company's stock worth $23,952,000 after buying an additional 267,690 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HLF. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $7.50 to $14.00 in a report on Friday, March 21st. Wall Street Zen upgraded Herbalife from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Citigroup dropped their target price on Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Herbalife has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Herbalife Price Performance

NYSE HLF traded down $0.21 on Friday, hitting $10.16. 1,428,059 shares of the company's stock were exchanged, compared to its average volume of 2,186,271. The firm's 50-day moving average price is $8.00 and its two-hundred day moving average price is $7.39. Herbalife Ltd has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 3.71, a P/E/G ratio of 0.31 and a beta of 0.89.

Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.19. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.23 billion. Herbalife had a negative return on equity of 23.75% and a net margin of 5.66%. The company's revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. On average, research analysts predict that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Herbalife

In other news, Director Juan Miguel Mendoza purchased 5,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average price of $6.75 per share, for a total transaction of $33,750.00. Following the acquisition, the director directly owned 166,857 shares in the company, valued at approximately $1,126,284.75. The trade was a 3.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 13,143 shares of company stock valued at $90,973. Corporate insiders own 1.73% of the company's stock.

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.