Daiwa Securities Group Inc. Has $892,000 Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Daiwa Securities Group Inc. grew its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 388.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,375 shares of the company’s stock after purchasing an additional 13,020 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Celsius were worth $892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Celsius by 633.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,422,367 shares of the company’s stock worth $77,547,000 after acquiring an additional 1,228,560 shares during the period. Vanguard Group Inc. boosted its stake in shares of Celsius by 18.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company’s stock worth $831,676,000 after acquiring an additional 762,087 shares during the period. Braun Stacey Associates Inc. boosted its stake in shares of Celsius by 192.5% during the 3rd quarter. Braun Stacey Associates Inc. now owns 634,863 shares of the company’s stock worth $108,942,000 after acquiring an additional 417,825 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Celsius during the 4th quarter worth approximately $18,676,000. Finally, Lord Abbett & CO. LLC bought a new position in shares of Celsius during the 3rd quarter worth approximately $37,873,000. 60.95% of the stock is currently owned by institutional investors.

Insider Transactions at Celsius

In other news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the transaction, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the transaction, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total value of $9,575,000.00. Following the transaction, the insider now directly owns 219,257 shares of the company’s stock, valued at approximately $20,993,857.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 780,433 shares of company stock valued at $49,149,715. Corporate insiders own 2.20% of the company’s stock.

Celsius Stock Performance

NASDAQ:CELH opened at $72.00 on Thursday. The stock has a fifty day moving average price of $79.44 and a 200-day moving average price of $64.63. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 93.51, a PEG ratio of 2.04 and a beta of 1.86. Celsius Holdings, Inc. has a fifty-two week low of $29.91 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company had revenue of $347.44 million during the quarter, compared to analysts’ expectations of $326.77 million. During the same quarter in the previous year, the firm earned $0.01 EPS. Celsius’s revenue was up 95.2% on a year-over-year basis. Research analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CELH. Wedbush lifted their target price on Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Bank of America downgraded Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research note on Friday, January 19th. Jefferies Financial Group boosted their price target on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Stifel Nicolaus boosted their price target on Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Piper Sandler boosted their price target on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.