BNP Paribas Financial Markets Raises Holdings in Herbalife Ltd. (NYSE:HLF)

BNP Paribas Financial Markets raised its holdings in Herbalife Ltd. (NYSE:HLF) by 52.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,913 shares of the company’s stock after purchasing an additional 23,296 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Herbalife worth $488,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. nVerses Capital LLC increased its holdings in Herbalife by 240.0% in the 2nd quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after purchasing an additional 3,600 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of Herbalife during the third quarter worth $78,000. Van ECK Associates Corp grew its stake in shares of Herbalife by 10.3% in the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after buying an additional 808 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Herbalife in the 3rd quarter valued at $154,000. Finally, Intech Investment Management LLC acquired a new position in Herbalife during the 3rd quarter worth about $199,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HLF shares. DA Davidson lowered their target price on Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. B. Riley cut their target price on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Citigroup decreased their price target on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Mizuho upped their price objective on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.90.

Herbalife Stock Down 1.5 %

Shares of NYSE:HLF opened at $7.48 on Friday. Herbalife Ltd. has a fifty-two week low of $6.59 and a fifty-two week high of $15.66. The firm’s 50 day moving average price is $7.63 and its 200 day moving average price is $8.93. The stock has a market cap of $753.41 million, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.27 and a beta of 1.17.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. On average, equities analysts anticipate that Herbalife Ltd. will post 1.51 EPS for the current year.

Herbalife Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.