Herbalife LTD. (HLF) Stake Lessened by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in Herbalife LTD. (NYSE:HLF) by 10.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,454 shares of the company’s stock after selling 3,182 shares during the quarter. Voya Investment Management LLC’s holdings in Herbalife LTD. were worth $1,887,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. FMR LLC increased its holdings in Herbalife LTD. by 9.1% in the 2nd quarter. FMR LLC now owns 8,025,946 shares of the company’s stock valued at $572,490,000 after buying an additional 667,474 shares during the period. BlackRock Inc. increased its holdings in Herbalife LTD. by 19,647.9% in the 1st quarter. BlackRock Inc. now owns 3,149,983 shares of the company’s stock valued at $183,139,000 after buying an additional 3,134,032 shares during the period. Geode Capital Management LLC increased its holdings in Herbalife LTD. by 12.3% in the 1st quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock valued at $30,969,000 after buying an additional 58,373 shares during the period. Dimensional Fund Advisors LP increased its holdings in Herbalife LTD. by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 422,832 shares of the company’s stock valued at $30,159,000 after buying an additional 10,911 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in Herbalife LTD. by 33.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 279,133 shares of the company’s stock valued at $19,911,000 after buying an additional 70,124 shares during the period.

Several research firms have commented on HLF. Pivotal Research reissued a “buy” rating and issued a $120.00 target price on shares of Herbalife LTD. in a report on Thursday, July 20th. Zacks Investment Research lowered shares of Herbalife LTD. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. ValuEngine raised shares of Herbalife LTD. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of Herbalife LTD. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Citigroup Inc. reissued a “hold” rating and issued a $73.00 target price (up from $71.00) on shares of Herbalife LTD. in a report on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Herbalife LTD. presently has a consensus rating of “Hold” and an average price target of $83.25.

Shares of Herbalife LTD. (NYSE HLF) opened at 71.99 on Friday. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 15.14 and a beta of 1.23. The company’s 50 day moving average is $71.11 and its 200 day moving average is $69.08. Herbalife LTD. has a one year low of $47.62 and a one year high of $79.64.

Herbalife LTD. (NYSE:HLF) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Herbalife LTD. had a net margin of 9.28% and a return on equity of 216.82%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $1.29 earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis. Equities research analysts predict that Herbalife LTD. will post $4.77 earnings per share for the current year.

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Herbalife LTD. Company Profile

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

Institutional Ownership by Quarter for Herbalife LTD. (NYSE:HLF)

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