KBC Group NV Sells 506,820 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

KBC Group NV reduced its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 92.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 40,583 shares of the company’s stock after selling 506,820 shares during the period. KBC Group NV’s holdings in Celsius were worth $1,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. S.A. Mason LLC bought a new stake in Celsius during the second quarter worth about $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after buying an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Celsius in the 3rd quarter worth approximately $34,000. Signaturefd LLC boosted its stake in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 3.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Celsius Trading Up 0.5 %

NASDAQ:CELH opened at $25.79 on Tuesday. Celsius Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $99.62. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.95 and a beta of 1.86. The company has a 50-day moving average price of $31.41 and a 200-day moving average price of $49.31.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Morgan Stanley restated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. UBS Group decreased their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group dropped their target price on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Finally, Piper Sandler decreased their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Profile

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.