Diversify Wealth Management LLC grew its holdings in Herbalife Ltd (NYSE:HLF - Free Report) by 40.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,601 shares of the company's stock after purchasing an additional 78,530 shares during the quarter. Diversify Wealth Management LLC owned approximately 0.27% of Herbalife worth $2,335,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of HLF. Quadrant Capital Group LLC lifted its stake in shares of Herbalife by 641.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after buying an additional 3,714 shares during the period. Bridgefront Capital LLC acquired a new position in shares of Herbalife in the 4th quarter valued at $71,000. Headlands Technologies LLC raised its stake in shares of Herbalife by 12,307.6% in the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock valued at $76,000 after acquiring an additional 11,323 shares during the period. Cerity Partners LLC purchased a new position in shares of Herbalife in the 1st quarter valued at $108,000. Finally, Quarry LP purchased a new position in shares of Herbalife in the 4th quarter valued at $170,000.
Herbalife Price Performance
Shares of NYSE:HLF traded down $0.44 during trading on Tuesday, reaching $9.28. 1,572,835 shares of the company's stock traded hands, compared to its average volume of 2,190,137. Herbalife Ltd has a 12 month low of $5.04 and a 12 month high of $12.79. The company has a 50 day moving average of $8.00 and a 200-day moving average of $7.40. The stock has a market capitalization of $944.63 million, a P/E ratio of 3.39, a price-to-earnings-growth ratio of 0.30 and a beta of 0.89.
Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.19. Herbalife had a net margin of 5.66% and a negative return on equity of 23.75%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts predict that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $7.50 to $14.00 in a report on Friday, March 21st. Finally, Wall Street Zen raised shares of Herbalife from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.50.
View Our Latest Stock Report on HLF
Insider Buying and Selling at Herbalife
In other news, Director Juan Miguel Mendoza bought 5,000 shares of Herbalife stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of $6.75 per share, with a total value of $33,750.00. Following the purchase, the director directly owned 166,857 shares of the company's stock, valued at approximately $1,126,284.75. This trade represents a 3.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 13,143 shares of company stock worth $90,973. 1.73% of the stock is owned by corporate insiders.
About Herbalife
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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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