GF Fund Management CO. LTD. Invests $4.86 Million in Celsius Holdings, Inc. (NASDAQ:CELH)

GF Fund Management CO. LTD. purchased a new stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 184,308 shares of the company's stock, valued at approximately $4,855,000. GF Fund Management CO. LTD. owned about 0.08% of Celsius as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HM Payson & Co. raised its stake in Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after buying an additional 550 shares in the last quarter. S.A. Mason LLC raised its stake in Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock valued at $37,000 after buying an additional 700 shares in the last quarter. Blue Trust Inc. raised its stake in Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after buying an additional 441 shares in the last quarter. Knuff & Co LLC acquired a new stake in Celsius during the fourth quarter valued at approximately $50,000. Finally, Farther Finance Advisors LLC raised its stake in Celsius by 32.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock valued at $66,000 after buying an additional 614 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Stock Up 4.0%

Shares of Celsius stock traded up $1.41 during midday trading on Thursday, hitting $36.34. The company's stock had a trading volume of 8,186,901 shares, compared to its average volume of 7,974,283. The firm has a market capitalization of $9.37 billion, a P/E ratio of 82.59, a PEG ratio of 2.90 and a beta of 1.65. The stock has a 50-day simple moving average of $36.26 and a 200-day simple moving average of $30.25. Celsius Holdings, Inc. has a 1-year low of $21.10 and a 1-year high of $81.77.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. During the same period last year, the business earned $0.27 EPS. The business's quarterly revenue was down 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now owns 19,106 shares of the company's stock, valued at approximately $543,947.82. This represents a 17.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CELH has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus lowered their target price on Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. UBS Group raised their target price on Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and raised their target price for the company from $35.00 to $45.00 in a research report on Monday, March 31st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $47.00 price target on shares of Celsius in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.00.

About Celsius

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.