Diversify Wealth Management LLC Sells 70,293 Shares of Herbalife Ltd $HLF

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

Several other hedge funds have also modified their holdings of HLF. Caitong International Asset Management Co. Ltd bought a new position in shares of Herbalife during the fourth quarter valued at approximately $32,000. Advisory Services Network LLC acquired a new stake in shares of Herbalife in the 3rd quarter worth $65,000. Quarry LP grew its stake in Herbalife by 49,105.3% during the 3rd quarter. Quarry LP now owns 9,349 shares of the company’s stock worth $79,000 after buying an additional 9,330 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Herbalife by 512.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock worth $84,000 after buying an additional 5,476 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Herbalife by 30.4% during the 3rd quarter. Lazard Asset Management LLC now owns 13,346 shares of the company’s stock valued at $113,000 after buying an additional 3,112 shares in the last quarter.

Insider Activity

In other Herbalife news, 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 sale, the insider directly owned 36,624 shares of the company’s stock, valued at $494,424. This represents a 78.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Troy Hicks sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $12.32, for a total value of $123,200.00. Following the sale, the chief operating officer directly owned 9,706 shares of the company’s stock, valued at $119,577.92. The trade was a 50.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 191,296 shares of company stock valued at $2,551,678 over the last three months. Company insiders own 5.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HLF shares. Royal Bank Of Canada decreased their price target on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Tuesday, April 28th. Weiss Ratings upgraded shares of Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Wall Street Zen cut 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. Finally, Zacks Research downgraded 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 issued a Hold rating to the company. Based on data from MarketBeat, Herbalife presently has an average rating of “Hold” and a consensus target price of $17.80.

Herbalife Stock Down 2.9%

Shares of Herbalife stock opened at $12.01 on Friday. The business’s fifty day simple moving average is $12.37 and its 200-day simple moving average is $14.74. The firm has a market cap of $1.24 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 0.68 and a beta of 0.86. Herbalife Ltd has a 52 week low of $7.56 and a 52 week high of $20.40.

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

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.