Herbalife Ltd. (NYSE:HLF) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Herbalife Ltd. (NYSE:HLF) by 4.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,615,514 shares of the company’s stock after acquiring an additional 105,431 shares during the period. Geode Capital Management LLC’s holdings in Herbalife were worth $18,809,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in Herbalife by 11.6% in the 2nd quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock worth $69,129,000 after purchasing an additional 692,800 shares during the period. Baupost Group LLC MA increased its position in shares of Herbalife by 128.3% in the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock valued at $53,244,000 after buying an additional 2,879,603 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Herbalife by 15.3% during the 2nd quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock worth $41,354,000 after buying an additional 500,876 shares during the period. Long Focus Capital Management LLC lifted its position in shares of Herbalife by 11.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock valued at $33,279,000 after buying an additional 323,969 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Herbalife by 6.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company’s stock valued at $17,831,000 after acquiring an additional 160,792 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HLF shares. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Mizuho upped their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. B. Riley lowered their price objective on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Citigroup cut their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, DA Davidson decreased their target price on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.90.

Herbalife Trading Up 1.5 %

HLF opened at $6.70 on Friday. Herbalife Ltd. has a twelve month low of $6.21 and a twelve month high of $15.50. The firm has a market capitalization of $675.31 million, a PE ratio of 7.88, a PEG ratio of 0.27 and a beta of 1.17. The firm’s 50-day moving average price is $7.58 and its 200 day moving average price is $8.60.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.38. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. As a group, analysts predict that Herbalife Ltd. will post 1.51 earnings per share for the current fiscal year.

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.