Diversify Wealth Management LLC Has $528,000 Stock Holdings in Herbalife Ltd $HLF

Diversify Wealth Management LLC lowered its stake in shares of Herbalife Ltd (NYSE:HLF) by 68.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,056 shares of the company’s stock after selling 70,293 shares during the period. Diversify Wealth Management LLC’s holdings in Herbalife were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HLF. Sequoia Financial Advisors LLC acquired a new position in Herbalife during the 1st quarter worth approximately $152,000. Summit Securities Group LLC acquired a new stake in Herbalife in the first quarter valued at approximately $299,000. DGS Capital Management LLC increased its holdings in shares of Herbalife by 3.5% during the first quarter. DGS Capital Management LLC now owns 82,323 shares of the company’s stock valued at $1,212,000 after acquiring an additional 2,746 shares in the last quarter. Strs Ohio acquired a new position in shares of Herbalife during the first quarter worth approximately $352,000. Finally, Inspire Investing LLC raised its position in shares of Herbalife by 291.2% during the first quarter. Inspire Investing LLC now owns 141,277 shares of the company’s stock worth $2,080,000 after purchasing an additional 105,160 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HLF shares. Royal Bank Of Canada reduced their price target on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 28th. Wall Street Zen lowered shares of Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Mizuho set a $17.00 price objective on shares of Herbalife in a report on Monday, May 4th. Weiss Ratings raised shares of Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Finally, Zacks Research lowered shares of Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.80.

Herbalife Price Performance

NYSE:HLF opened at $12.01 on Friday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 0.68 and a beta of 0.86. The business has a 50 day moving average of $12.37 and a 200 day moving average of $14.74. Herbalife Ltd has a 1-year low of $7.56 and a 1-year high of $20.40.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Herbalife had a net margin of 4.67% and a negative return on equity of 41.47%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Herbalife Ltd will post 2.68 EPS for the current year.

Insider Transactions at Herbalife

In related news, COO Troy Hicks sold 38,377 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $12.93, for a total transaction of $496,214.61. Following the sale, the chief operating officer owned 9,062 shares of the company’s stock, valued at $117,171.66. The trade was a 80.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Frank Lamberti sold 134,982 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total transaction of $1,822,257.00. Following the completion of the transaction, the insider owned 36,624 shares in the company, valued at approximately $494,424. This represents a 78.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 191,296 shares of company stock worth $2,551,678. 5.13% of the stock is owned by company insiders.

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.