Herbalife Ltd (NYSE:HLF – Get Free Report) insider Frank Lamberti sold 7,937 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $13.86, for a total value of $110,006.82. Following the completion of the sale, the insider directly owned 171,606 shares in the company, valued at approximately $2,378,459.16. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Frank Lamberti also recently made the following trade(s):
- On Tuesday, May 12th, Frank Lamberti sold 134,982 shares of Herbalife stock. The stock was sold at an average price of $13.50, for a total value of $1,822,257.00.
Herbalife Stock Up 0.8%
Shares of HLF opened at $13.62 on Wednesday. The business’s 50 day moving average price is $15.58 and its 200-day moving average price is $14.38. Herbalife Ltd has a 52 week low of $6.62 and a 52 week high of $20.40. The stock has a market cap of $1.41 billion, a P/E ratio of 5.98, a P/E/G ratio of 0.80 and a beta of 0.98.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Herbalife during the 4th quarter valued at about $32,000. Aster Capital Management DIFC Ltd bought a new position in shares of Herbalife in the 3rd quarter valued at about $35,000. KBC Group NV bought a new position in shares of Herbalife in the 1st quarter valued at about $44,000. Advisory Services Network LLC bought a new position in shares of Herbalife in the 3rd quarter valued at about $65,000. Finally, Quarry LP lifted its holdings in shares of Herbalife by 49,105.3% in the 3rd quarter. Quarry LP now owns 9,349 shares of the company’s stock valued at $79,000 after acquiring an additional 9,330 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on HLF. Mizuho set a $17.00 target price on Herbalife in a research report on Monday, May 4th. Royal Bank Of Canada dropped their target price on Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 28th. Citigroup restated a “buy” rating and issued a $21.00 price objective (up from $17.00) on shares of Herbalife in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Herbalife in a research note on Friday. Finally, Zacks Research lowered Herbalife from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Herbalife has an average rating of “Hold” and an average target price of $17.80.
Get Our Latest Research Report on HLF
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.
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