Vanguard Group Inc. Sells 460,965 Shares of Herbalife Ltd $HLF

Vanguard Group Inc. decreased its holdings in shares of Herbalife Ltd (NYSE:HLF) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 11,712,200 shares of the company’s stock after selling 460,965 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Herbalife worth $150,970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new stake in Herbalife in the third quarter worth $35,000. Advisory Services Network LLC purchased a new position in Herbalife during the third quarter valued at $65,000. Quarry LP raised its stake in Herbalife by 49,105.3% during the third quarter. Quarry LP now owns 9,349 shares of the company’s stock valued at $79,000 after buying an additional 9,330 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Herbalife during the fourth quarter valued at $168,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Herbalife during the third quarter valued at $117,000.

Analyst Upgrades and Downgrades

HLF has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating and set a $21.00 price objective (up from $17.00) on shares of Herbalife in a research note on Thursday, February 19th. Mizuho set a $17.00 target price on Herbalife in a research note on Monday, May 4th. Wall Street Zen upgraded Herbalife from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Herbalife in a research note on Friday. Finally, Royal Bank Of Canada cut their target price on Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Herbalife has a consensus rating of “Hold” and an average price target of $17.80.

Herbalife Stock Performance

NYSE HLF opened at $13.49 on Tuesday. The company has a market capitalization of $1.40 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.85 and a beta of 0.98. The business’s fifty day moving average is $15.70 and its 200 day moving average is $14.35. Herbalife Ltd has a fifty-two week low of $6.62 and a fifty-two week high of $20.40.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, May 6th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.Herbalife’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. On average, sell-side analysts forecast that Herbalife Ltd will post 2.47 EPS for the current year.

Herbalife Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.