Geode Capital Management LLC increased its holdings in Herbalife Ltd. (NYSE:HLF - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,680,425 shares of the company's stock after acquiring an additional 64,911 shares during the quarter. Geode Capital Management LLC owned approximately 2.66% of Herbalife worth $17,936,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in Herbalife by 347.0% in the 3rd quarter. Barclays PLC now owns 161,426 shares of the company's stock worth $1,160,000 after purchasing an additional 125,311 shares in the last quarter. Virtu Financial LLC acquired a new stake in Herbalife during the third quarter valued at $246,000. DGS Capital Management LLC increased its position in shares of Herbalife by 63.7% in 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 in the last quarter. Range Financial Group LLC purchased a new stake in Herbalife in the 4th quarter worth $124,000. Finally, Diversify Wealth Management LLC lifted its stake in Herbalife by 20.4% in the 4th quarter. Diversify Wealth Management LLC now owns 192,071 shares of the company's stock valued at $1,266,000 after buying an additional 32,572 shares in the last quarter.
Herbalife Stock Performance
HLF stock traded up $0.18 during trading on Thursday, reaching $6.72. 284,605 shares of the company were exchanged, compared to its average volume of 2,235,239. The company has a market cap of $681.32 million, a P/E ratio of 2.70, a PEG ratio of 0.29 and a beta of 1.02. The stock's 50 day moving average price is $7.76 and its 200 day moving average price is $7.25. Herbalife Ltd. has a 52-week low of $5.04 and a 52-week high of $12.79.
Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.28. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. As a group, equities research analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and upped their price target for the company from $7.50 to $14.00 in a research report 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 stock. According to MarketBeat, Herbalife currently has an average rating of "Moderate Buy" and an average price target of $12.00.
Read Our Latest Stock Report on Herbalife
Insider Activity
In related news, Director Juan Miguel Mendoza purchased 5,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price 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 $1,093,125. This represents a 3.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.73% of the company's stock.
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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