Swiss National Bank Buys 3,100 Shares of Herbalife Ltd. (NYSE:HLF)

Swiss National Bank boosted its holdings in Herbalife Ltd. (NYSE:HLF) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198,172 shares of the company’s stock after acquiring an additional 3,100 shares during the period. Swiss National Bank owned 0.20% of Herbalife worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Perpetual Ltd lifted its position in Herbalife by 107.1% during the fourth quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock worth $6,463,000 after purchasing an additional 499,572 shares during the period. Johnson Financial Group LLC bought a new stake in shares of Herbalife in the fourth quarter worth $221,000. US Bancorp DE bought a new position in shares of Herbalife during the fourth quarter worth about $322,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Herbalife by 10.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 610,953 shares of the company’s stock worth $4,087,000 after purchasing an additional 60,158 shares during the last quarter. Finally, Barclays PLC raised its stake in 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 buying an additional 125,311 shares during the last quarter.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $8.25 per share, with a total value of $41,250.00. Following the completion of the purchase, the director now directly owns 132,500 shares in the company, valued at $1,093,125. This trade represents a 3.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

HLF has been the topic of a number of research reports. DA Davidson raised Herbalife from a “neutral” rating to a “buy” rating and upped their price target for the stock from $7.50 to $14.00 in a research note on Friday, March 21st. StockNews.com upgraded Herbalife from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $12.00.

Herbalife Trading Down 0.7 %

NYSE:HLF opened at $8.56 on Friday. The company has a 50-day moving average price of $7.16 and a 200-day moving average price of $7.24. The stock has a market cap of $867.28 million, a price-to-earnings ratio of 3.44, a P/E/G ratio of 0.29 and a beta of 1.03. Herbalife Ltd. has a 12 month low of $5.04 and a 12 month high of $12.79.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.08 by $0.28. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Equities analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

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.