AIA Group Ltd Increases Position in Celsius Holdings, Inc. (NASDAQ:CELH)

AIA Group Ltd increased its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 302.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,900 shares of the company's stock after buying an additional 14,200 shares during the quarter. AIA Group Ltd's holdings in Celsius were worth $1,030,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CELH. Envestnet Asset Management Inc. grew its position in Celsius by 20.9% during the first quarter. Envestnet Asset Management Inc. now owns 5,908 shares of the company's stock worth $326,000 after buying an additional 1,023 shares in the last quarter. JPMorgan Chase & Co. grew its position in Celsius by 8.5% during the first quarter. JPMorgan Chase & Co. now owns 54,953 shares of the company's stock worth $3,033,000 after buying an additional 4,285 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Celsius by 4.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,583 shares of the company's stock valued at $529,000 after purchasing an additional 398 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Celsius by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 394,530 shares of the company's stock valued at $21,771,000 after purchasing an additional 7,411 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Celsius by 53.1% in the 1st quarter. MetLife Investment Management LLC now owns 28,662 shares of the company's stock valued at $1,582,000 after purchasing an additional 9,946 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Deborah Desantis sold 127,838 shares of Celsius stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $42.90, for a total value of $5,484,250.20. Following the completion of the transaction, the insider now directly owns 30,576,919 shares of the company's stock, valued at approximately $1,311,749,825.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Deborah Desantis sold 127,838 shares of Celsius stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $42.90, for a total value of $5,484,250.20. Following the completion of the transaction, the insider now directly owns 30,576,919 shares of the company's stock, valued at approximately $1,311,749,825.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 129,658 shares of Celsius stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $47.49, for a total value of $6,157,458.42. Following the completion of the transaction, the insider now directly owns 31,413,662 shares of the company's stock, valued at $1,491,834,808.38. The disclosure for this sale can be found here. Insiders sold a total of 1,038,400 shares of company stock valued at $60,947,637 in the last three months. Insiders own 2.70% of the company's stock.

Celsius Trading Down 1.6 %

NASDAQ:CELH traded down $1.13 during trading hours on Friday, hitting $68.84. 3,574,788 shares of the company were exchanged, compared to its average volume of 3,411,994. The stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of 89.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.86. Celsius Holdings, Inc. has a one year low of $29.42 and a one year high of $99.62. The company has a fifty day simple moving average of $78.80 and a 200 day simple moving average of $64.22.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $347.44 million during the quarter, compared to analyst estimates of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. Celsius's revenue for the quarter was up 95.2% compared to the same quarter last year. During the same period last year, the company earned $0.01 EPS. Equities research analysts predict that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CELH. Morgan Stanley reaffirmed an "equal weight" rating and issued a $75.00 target price on shares of Celsius in a report on Wednesday, March 27th. Stifel Nicolaus raised their target price on Celsius from $67.00 to $90.00 and gave the company a "buy" rating in a report on Friday, March 1st. Maxim Group raised their target price on Celsius from $100.00 to $110.00 and gave the company a "buy" rating in a report on Monday, April 1st. Piper Sandler raised their target price on Celsius from $76.00 to $90.00 and gave the company an "overweight" rating in a report on Friday, March 1st. Finally, Jefferies Financial Group raised their target price on Celsius from $98.00 to $105.00 and gave the company a "buy" rating in a report on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.10.

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.