Herbalife Ltd. (NYSE:HLF) Position Increased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its stake in Herbalife Ltd. (NYSE:HLF) by 164.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,288,198 shares of the company’s stock after purchasing an additional 801,644 shares during the period. Goldman Sachs Group Inc. owned 1.30% of Herbalife worth $19,658,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Herbalife by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,561,779 shares of the company’s stock valued at $147,759,000 after acquiring an additional 43,452 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Herbalife by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,888,191 shares of the company’s stock valued at $28,814,000 after acquiring an additional 145,684 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Herbalife by 7.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,624,370 shares of the company’s stock valued at $24,788,000 after acquiring an additional 116,030 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Herbalife by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,523,350 shares of the company’s stock valued at $23,247,000 after acquiring an additional 142,829 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its stake in Herbalife by 49.1% during the 4th quarter. Iridian Asset Management LLC CT now owns 1,468,636 shares of the company’s stock valued at $22,411,000 after acquiring an additional 483,635 shares in the last quarter.

Insiders Place Their Bets

In other Herbalife news, Director Donal L. Mulligan acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $9.65 per share, with a total value of $289,500.00. Following the transaction, the director now owns 60,000 shares of the company’s stock, valued at $579,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Herbalife news, Director Donal L. Mulligan acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $9.65 per share, with a total value of $289,500.00. Following the transaction, the director now owns 60,000 shares of the company’s stock, valued at $579,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Juan Miguel Mendoza acquired 7,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $10.65 per share, with a total value of $74,550.00. Following the transaction, the director now directly owns 93,279 shares in the company, valued at approximately $993,421.35. The disclosure for this purchase can be found here. Insiders purchased 42,500 shares of company stock valued at $418,485 over the last quarter. Insiders own 0.94% of the company’s stock.

Herbalife Price Performance

Shares of NYSE:HLF opened at $10.63 on Thursday. Herbalife Ltd. has a fifty-two week low of $6.68 and a fifty-two week high of $19.48. The business has a 50-day moving average of $10.46 and a two-hundred day moving average of $10.89. The stock has a market capitalization of $1.06 billion, a P/E ratio of 7.76 and a beta of 1.24.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. Herbalife had a negative return on equity of 19.97% and a net margin of 2.70%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, research analysts expect that Herbalife Ltd. will post 1.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HLF has been the topic of a number of research reports. StockNews.com downgraded Herbalife from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. DA Davidson restated a “neutral” rating and issued a $9.50 target price on shares of Herbalife in a report on Thursday, May 2nd. Mizuho lifted their price target on Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Finally, Bank of America reduced their price objective on Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.70.

About Herbalife

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.