Herbalife Ltd. (NYSE:HLF) shares rose 11.6% on Friday . The company traded as high as $72.22 and last traded at $66.22, with a volume of 24,862,477 shares trading hands. The stock had previously closed at $59.36.

Several analysts have commented on HLF shares. Canaccord Genuity reiterated a “neutral” rating on shares of Herbalife in a research note on Sunday, April 17th. Zacks Investment Research upgraded shares of Herbalife from a “hold” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a research note on Wednesday, April 20th. Pivotal Research reiterated a “buy” rating and issued a $90.00 price target on shares of Herbalife in a research note on Sunday, May 8th. SunTrust Banks Inc. reiterated a “neutral” rating and issued a $66.00 price target on shares of Herbalife in a research note on Monday, May 9th. Finally, TheStreet upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, May 9th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $67.22.

The firm has a market cap of $6.06 billion and a PE ratio of 15.66. The stock’s 50 day moving average is $59.62 and its 200 day moving average is $56.07.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.27. During the same quarter in the prior year, the business posted $1.29 EPS. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Herbalife Ltd. will post $4.82 earnings per share for the current fiscal year.

In other news, VP Jesus Alzarez sold 1,475 shares of Herbalife stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $62.18, for a total value of $91,715.50. Following the sale, the vice president now owns 1,042 shares in the company, valued at $64,791.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard P. Bermingham sold 7,753 shares of Herbalife stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $66.00, for a total transaction of $511,698.00. Following the completion of the sale, the director now owns 19,510 shares in the company, valued at approximately $1,287,660. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in the stock. California Public Employees Retirement System raised its stake in shares of Herbalife by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 360,900 shares of the company’s stock valued at $19,351,000 after buying an additional 10,300 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Herbalife by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 387,621 shares of the company’s stock valued at $20,785,000 after buying an additional 12,500 shares during the period. GSA Capital Partners LLP raised its stake in shares of Herbalife by 26.7% in the fourth quarter. GSA Capital Partners LLP now owns 71,917 shares of the company’s stock valued at $3,856,000 after buying an additional 15,177 shares during the period. Stevens Capital Management LP raised its stake in shares of Herbalife by 92.8% in the fourth quarter. Stevens Capital Management LP now owns 35,241 shares of the company’s stock valued at $1,890,000 after buying an additional 16,962 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Herbalife by 246.2% in the fourth quarter. American Century Companies Inc. now owns 91,606 shares of the company’s stock valued at $4,912,000 after buying an additional 65,142 shares during the period.

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. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.