Allianz Asset Management GmbH Grows Position in Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Allianz Asset Management GmbH increased its stake in Celsius Holdings Inc. by 87.7%, owning 157,860 shares valued at approximately $5.62 million as of the last quarter.
• Analysts have set new price targets for Celsius, with multiple firms rating the stock as a "buy" and an average target price of $46.94.
• Insider transactions revealed significant share sales, including CEO John Fieldly selling 130,803 shares and major shareholder William H. Milmoe selling 300,000 shares, indicating potential shifts in ownership dynamics.

Allianz Asset Management GmbH grew its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 87.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 157,860 shares of the company's stock after acquiring an additional 73,759 shares during the period. Allianz Asset Management GmbH owned about 0.06% of Celsius worth $5,623,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Champlain Investment Partners LLC bought a new stake in Celsius in the fourth quarter worth about $85,068,000. Norges Bank bought a new stake in Celsius during the 4th quarter worth approximately $72,579,000. Alyeska Investment Group L.P. grew its stake in Celsius by 60.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock worth $181,164,000 after buying an additional 2,591,345 shares in the last quarter. FMR LLC grew its stake in Celsius by 64.2% in the 4th quarter. FMR LLC now owns 4,055,148 shares of the company's stock worth $106,813,000 after buying an additional 1,585,839 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Celsius by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock valued at $376,455,000 after purchasing an additional 1,444,020 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CELH has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and upped their price target for the company from $37.00 to $55.00 in a report on Monday, June 16th. UBS Group upped their price target on shares of Celsius from $49.00 to $57.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Truist Financial upped their price objective on shares of Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Piper Sandler upped their price objective on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $47.83.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly sold 130,803 shares of Celsius stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the completion of the transaction, the chief executive officer directly owned 1,038,577 shares of the company's stock, valued at $46,735,965. The trade was a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of Celsius stock in a transaction on Monday, July 28th. The stock was sold at an average price of $47.00, for a total transaction of $4,700,000.00. Following the transaction, the insider directly owned 17,917,770 shares of the company's stock, valued at $842,135,190. The trade was a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 762,974 shares of company stock worth $35,158,418. Insiders own 2.55% of the company's stock.

Celsius Stock Performance

Shares of Celsius stock traded up $0.45 on Thursday, hitting $46.99. 991,438 shares of the company traded hands, compared to its average volume of 8,150,739. The stock has a market capitalization of $12.11 billion, a P/E ratio of 146.74, a price-to-earnings-growth ratio of 1.68 and a beta of 1.45. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $48.47. The business has a 50-day simple moving average of $43.13 and a 200 day simple moving average of $35.14.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a return on equity of 42.12% and a net margin of 8.40%. The business had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The company's revenue for the quarter was down 7.4% on a year-over-year basis. Research analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

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.