180,850 Shares in Celsius Holdings Inc. (NASDAQ:CELH) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 180,850 shares of the company's stock, valued at approximately $6,442,000. Y Intercept Hong Kong Ltd owned 0.07% of Celsius as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Champlain Investment Partners LLC bought a new position in Celsius in the 4th quarter valued at about $85,068,000. Norges Bank bought a new position in Celsius in the 4th quarter valued at about $72,579,000. Alyeska Investment Group L.P. grew its position 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 valued at $181,164,000 after buying an additional 2,591,345 shares in the last quarter. FMR LLC grew its position in Celsius by 64.2% in the 4th quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after buying an additional 1,585,839 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in 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 buying an additional 1,444,020 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of research analyst reports. Roth Capital reissued a "buy" rating and issued a $52.00 price target (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. JPMorgan Chase & Co. upped their price target on shares of Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Citigroup initiated coverage on shares of Celsius in a report on Wednesday. They issued a "buy" rating and a $55.00 price target for the company. Piper Sandler upped their price target on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Truist Financial upped their price target on shares of Celsius from $50.00 to $55.00 and gave the company a "buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.94.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 132,171 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total value of $5,691,283.26. Following the transaction, the chief executive officer owned 1,169,380 shares in the company, valued at $50,353,502.80. This represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total value of $14,181,000.00. Following the completion of the transaction, the insider owned 18,017,770 shares in the company, valued at $851,699,987.90. This represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 562,974 shares of company stock worth $25,758,418 in the last quarter. 2.55% of the stock is owned by corporate insiders.

Celsius Trading Up 0.2%

CELH stock traded up $0.12 during mid-day trading on Friday, reaching $46.43. 1,550,281 shares of the stock traded hands, compared to its average volume of 8,269,165. The company has a market cap of $11.97 billion, a P/E ratio of 144.94, a P/E/G ratio of 1.60 and a beta of 1.45. Celsius Holdings Inc. has a 52-week low of $21.10 and a 52-week high of $48.64. The stock's fifty day moving average is $42.41 and its 200-day moving average is $34.63.

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

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.