Toronto Dominion Bank Decreases Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Toronto Dominion Bank cut its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 79.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,826 shares of the company's stock after selling 82,876 shares during the quarter. Toronto Dominion Bank's holdings in Celsius were worth $549,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC lifted its stake in shares of Celsius by 430.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 107,956 shares of the company's stock valued at $2,844,000 after acquiring an additional 87,592 shares during the last quarter. Man Group plc grew its holdings in shares of Celsius by 91.7% in the fourth quarter. Man Group plc now owns 527,907 shares of the company's stock worth $13,905,000 after purchasing an additional 252,521 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Celsius by 16.5% in the fourth quarter. Nuveen Asset Management LLC now owns 819,025 shares of the company's stock worth $21,573,000 after purchasing an additional 116,216 shares during the last quarter. OMERS ADMINISTRATION Corp increased its stake in shares of Celsius by 86.9% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 53,730 shares of the company's stock worth $1,415,000 after buying an additional 24,984 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new stake in Celsius during the 4th quarter valued at $7,420,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Celsius news, Director Joyce Russell sold 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. This trade represents a 18.36% decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Celsius Price Performance

Shares of CELH stock traded up $0.61 during mid-day trading on Friday, hitting $36.95. The stock had a trading volume of 2,027,058 shares, compared to its average volume of 7,964,522. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $80.65. The firm's 50-day moving average is $36.29 and its two-hundred day moving average is $30.32. The firm has a market capitalization of $9.52 billion, a P/E ratio of 83.95, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65.

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

Analysts Set New Price Targets

A number of research firms have commented on CELH. Needham & Company LLC reaffirmed a "buy" rating and set a $47.00 price target on shares of Celsius in a research report on Thursday. Truist Financial raised shares of Celsius from a "hold" rating to a "buy" rating and boosted their price objective for the company from $35.00 to $45.00 in a research report on Monday, March 31st. Roth Mkm reaffirmed a "buy" rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Piper Sandler lifted their target price on shares of Celsius from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, April 17th. Finally, LADENBURG THALM/SH SH decreased their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.