Herbalife (NYSE:HLF) Stock Passes Above 200-Day Moving Average – What’s Next?

Herbalife Ltd (NYSE:HLF)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.85 and traded as high as $16.91. Herbalife shares last traded at $16.4950, with a volume of 1,157,162 shares trading hands.

Analyst Ratings Changes

A number of research analysts have issued reports on HLF shares. Mizuho set a $13.00 price objective on shares of Herbalife and gave the company a “neutral” rating in a research report on Thursday, January 8th. Argus set a $15.00 price target on shares of Herbalife in a research report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Herbalife in a research note on Thursday, January 22nd. Maxim Group started coverage on Herbalife in a research report on Tuesday, January 6th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Wall Street Zen raised Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Herbalife has an average rating of “Moderate Buy” and an average target price of $15.80.

Herbalife Stock Performance

The company has a market cap of $1.70 billion, a P/E ratio of 5.27 and a beta of 0.82. The stock has a 50-day moving average of $14.09 and a two-hundred day moving average of $10.85.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, November 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. Herbalife had a negative return on equity of 29.84% and a net margin of 6.47%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict that Herbalife Ltd will post 1.57 EPS for the current year.

Insider Transactions at Herbalife

In other news, Director Lynda Cloud acquired 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $8.97 per share, with a total value of $152,490.00. Following the transaction, the director owned 38,857 shares of the company’s stock, valued at $348,547.29. This trade represents a 77.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have bought 18,200 shares of company stock valued at $167,938. Insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new stake in Herbalife in the 2nd quarter worth about $531,000. Fund 1 Investments LLC purchased a new stake in shares of Herbalife during the 2nd quarter valued at about $8,491,000. Iridian Asset Management LLC CT grew its stake in shares of Herbalife by 9.9% in the third quarter. Iridian Asset Management LLC CT now owns 2,449,155 shares of the company’s stock worth $20,671,000 after acquiring an additional 220,896 shares during the period. Geode Capital Management LLC grew its stake in shares of Herbalife by 1.1% in the second quarter. Geode Capital Management LLC now owns 2,810,794 shares of the company’s stock worth $24,231,000 after acquiring an additional 31,077 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Herbalife by 63.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 706,091 shares of the company’s stock valued at $6,087,000 after purchasing an additional 275,322 shares during the last quarter.

About Herbalife

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.