31,409 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Purchased by KBC Group NV

KBC Group NV purchased a new stake in Celsius Holdings, Inc. (NASDAQ:CELHFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,409 shares of the company’s stock, valued at approximately $1,713,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC grew its holdings in Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the period. Heritage Wealth Advisors acquired a new position in shares of Celsius in the 3rd quarter valued at $32,000. Contravisory Investment Management Inc. purchased a new stake in shares of Celsius during the 4th quarter valued at $25,000. USA Financial Formulas acquired a new stake in shares of Celsius during the 3rd quarter worth $90,000. Finally, Tidemark LLC purchased a new position in shares of Celsius in the 4th quarter worth $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Down 1.2 %

NASDAQ:CELH opened at $73.20 on Friday. Celsius Holdings, Inc. has a 52 week low of $45.03 and a 52 week high of $99.62. The company has a market cap of $17.06 billion, a PE ratio of 80.44, a P/E/G ratio of 2.06 and a beta of 1.93. The business’s 50 day moving average is $80.18 and its two-hundred day moving average is $69.12.

Celsius (NASDAQ:CELHGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. As a group, sell-side analysts expect that Celsius Holdings, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CELH. Piper Sandler upped their price target on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. UBS Group cut their price target on shares of Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Stifel Nicolaus decreased their price objective on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Jefferies Financial Group raised their target price on shares of Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Roth Mkm upped their price target on shares of Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Celsius currently has an average rating of “Moderate Buy” and an average price target of $89.82.

Get Our Latest Analysis on Celsius

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 428,574 shares of Celsius stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the transaction, the insider now directly owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Celsius news, major shareholder William H. Milmoe sold 428,574 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,936,696 shares of company stock worth $122,957,409 over the last quarter. 2.20% of the stock is owned by company insiders.

About Celsius

(Free Report)

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.

Further Reading

Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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