Franklin Resources Inc. grew its holdings in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 589.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,353 shares of the company's stock after acquiring an additional 64,416 shares during the quarter. Franklin Resources Inc. owned 0.07% of Herbalife worth $504,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in HLF. Barclays PLC raised its stake in shares of Herbalife by 347.0% during the third quarter. Barclays PLC now owns 161,426 shares of the company's stock worth $1,160,000 after acquiring an additional 125,311 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Herbalife by 4.2% in the third quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company's stock valued at $18,809,000 after acquiring an additional 105,431 shares in the last quarter. Virtu Financial LLC purchased a new position in Herbalife during the 3rd quarter valued at about $246,000. DGS Capital Management LLC boosted its stake in Herbalife by 63.7% during the third quarter. DGS Capital Management LLC now owns 24,454 shares of the company's stock worth $176,000 after acquiring an additional 9,513 shares in the last quarter. Finally, Range Financial Group LLC purchased a new stake in Herbalife in the fourth quarter worth about $124,000.
Insider Activity at Herbalife
In related news, Director Juan Miguel Mendoza purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $8.25 per share, with a total value of $41,250.00. Following the purchase, the director now owns 132,500 shares of the company's stock, valued at $1,093,125. The trade was a 3.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.73% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on HLF shares. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and raised their target price for the company from $7.50 to $14.00 in a research note on Friday, March 21st. StockNews.com cut shares of Herbalife from a "strong-buy" rating to a "buy" rating in a report on Friday, April 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.
Read Our Latest Report on Herbalife
Herbalife Price Performance
HLF traded up $0.28 on Wednesday, reaching $7.14. 371,557 shares of the stock were exchanged, compared to its average volume of 2,230,245. The company's 50-day moving average price is $7.74 and its 200 day moving average price is $7.26. 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 capitalization of $723.57 million, a PE ratio of 2.87, a PEG ratio of 0.29 and a beta of 1.02.
Herbalife (NYSE:HLF - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.28. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. As a group, equities analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.
Herbalife Company Profile
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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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