John O. Agwunobi Buys 5,000 Shares of Herbalife Nutrition Ltd. (NYSE:HLF) Stock

Herbalife Nutrition Ltd. (NYSE:HLF) CEO John O. Agwunobi acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 17th. The stock was purchased at an average price of $44.90 per share, with a total value of $224,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NYSE:HLF opened at $44.13 on Wednesday. Herbalife Nutrition Ltd. has a 1-year low of $41.31 and a 1-year high of $59.00. The business has a fifty day moving average price of $49.83 and a 200-day moving average price of $49.45. The company has a market capitalization of $5.10 billion, a PE ratio of 10.33 and a beta of 0.91.

Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings results on Tuesday, August 3rd. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.27. Herbalife Nutrition had a negative return on equity of 51.15% and a net margin of 8.41%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. On average, analysts expect that Herbalife Nutrition Ltd. will post 4.91 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLF. Victory Capital Management Inc. increased its holdings in Herbalife Nutrition by 116.2% in the 1st quarter. Victory Capital Management Inc. now owns 154,775 shares of the company’s stock worth $6,866,000 after buying an additional 83,179 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Herbalife Nutrition by 10.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,216 shares of the company’s stock worth $498,000 after buying an additional 1,049 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Herbalife Nutrition by 1.1% in the 1st quarter. Alliancebernstein L.P. now owns 49,864 shares of the company’s stock worth $2,212,000 after buying an additional 530 shares in the last quarter. Swiss National Bank increased its holdings in Herbalife Nutrition by 0.4% in the 1st quarter. Swiss National Bank now owns 225,472 shares of the company’s stock worth $10,002,000 after buying an additional 800 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in Herbalife Nutrition in the 1st quarter worth about $227,000. Institutional investors own 90.26% of the company’s stock.

A number of research firms have issued reports on HLF. Zacks Investment Research downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Friday, August 6th. B. Riley decreased their price objective on Herbalife Nutrition from $70.00 to $61.00 and set a “buy” rating for the company in a report on Wednesday, September 15th. They noted that the move was a valuation call. Citigroup decreased their price objective on Herbalife Nutrition from $57.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 16th. Jefferies Financial Group started coverage on Herbalife Nutrition in a report on Wednesday, September 15th. They set a “buy” rating and a $65.00 price target for the company. Finally, Royal Bank of Canada raised their price target on Herbalife Nutrition from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, August 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Herbalife Nutrition currently has an average rating of “Buy” and an average target price of $54.00.

About Herbalife Nutrition

Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.

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