11,748 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,748 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. National Bank of Canada FI grew its stake in shares of Celsius by 52.3% in the third quarter. National Bank of Canada FI now owns 489 shares of the company’s stock worth $85,000 after acquiring an additional 168 shares during the last quarter. CWM LLC boosted its holdings in Celsius by 100.6% in the 3rd quarter. CWM LLC now owns 1,015 shares of the company’s stock valued at $174,000 after purchasing an additional 509 shares during the period. State of Alaska Department of Revenue boosted its holdings in Celsius by 16.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,848 shares of the company’s stock valued at $1,003,000 after purchasing an additional 805 shares during the period. Meridian Wealth Management LLC bought a new stake in Celsius in the 3rd quarter valued at $357,000. Finally, Oak Thistle LLC bought a new stake in Celsius in the 3rd quarter valued at $458,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Buying and Selling at Celsius

In other Celsius news, Director Nicholas Castaldo sold 165,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $83.33, for a total value of $13,749,450.00. Following the completion of the sale, the director now owns 352,864 shares in the company, valued at approximately $29,404,157.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Celsius news, Director Nicholas Castaldo sold 165,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $83.33, for a total value of $13,749,450.00. Following the completion of the sale, the director now owns 352,864 shares in the company, valued at approximately $29,404,157.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the sale, 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. In the last 90 days, insiders sold 652,319 shares of company stock worth $43,575,475. 2.20% of the stock is currently owned by corporate insiders.

Celsius Stock Down 0.5 %

Shares of CELH stock opened at $71.64 on Friday. Celsius Holdings, Inc. has a 12-month low of $29.92 and a 12-month high of $99.62. The company has a market capitalization of $16.55 billion, a P/E ratio of 92.64, a P/E/G ratio of 2.10 and a beta of 1.86. The firm has a 50-day moving average price of $79.60 and a 200 day moving average price of $64.68.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. During the same period last year, the firm posted $0.01 EPS. The firm’s quarterly revenue was up 95.2% on a year-over-year basis. As a group, research analysts expect that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

CELH has been the subject of a number of research reports. Bank of America downgraded shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a report on Friday, January 19th. Stifel Nicolaus increased their price target on shares of Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a report on Friday, March 1st. Stifel Europe increased their price target on shares of Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. UBS Group raised their price objective on shares of Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Jefferies Financial Group raised their price objective on shares of Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.10.

Celsius Company 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.