Daiwa Securities Group Inc. Acquires 13,020 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Daiwa Securities Group Inc. grew its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 388.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,375 shares of the company's stock after purchasing an additional 13,020 shares during the period. Daiwa Securities Group Inc.'s holdings in Celsius were worth $892,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its position in Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock worth $25,000 after purchasing an additional 135 shares during the last quarter. Heritage Wealth Advisors bought a new position in shares of Celsius in the third quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd bought a new position in shares of Celsius in the third quarter valued at approximately $36,000. Global Wealth Strategies & Associates bought a new position in shares of Celsius in the third quarter valued at approximately $39,000. Finally, Signaturefd LLC boosted its holdings in shares of Celsius by 212.0% in the third quarter. Signaturefd LLC now owns 337 shares of the company's stock valued at $58,000 after acquiring an additional 229 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

Insider Activity at Celsius

In related news, Director Caroline S. Levy sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the completion of the sale, the director now owns 37,891 shares in the company, valued at approximately $3,590,930.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Celsius news, Director Caroline S. Levy sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the completion of the sale, the director now owns 37,891 shares in the company, valued at approximately $3,590,930.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Deborah Desantis sold 128,114 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $43.51, for a total transaction of $5,574,240.14. Following the completion of the sale, the insider now owns 30,961,199 shares of the company's stock, valued at approximately $1,347,121,768.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 780,433 shares of company stock worth $49,149,715. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on CELH shares. Bank of America cut shares of Celsius from a "buy" rating to a "neutral" rating and set a $65.00 price objective for the company. in a report on Friday, January 19th. Morgan Stanley reiterated an "equal weight" rating and issued a $75.00 price objective on shares of Celsius in a report on Wednesday, March 27th. Wedbush increased their price objective on shares of Celsius from $75.00 to $90.00 and gave the company an "outperform" rating in a report on Monday, March 4th. Stifel Nicolaus increased their price objective on shares of Celsius from $67.00 to $90.00 and gave the company a "buy" rating in a report on Friday, March 1st. Finally, UBS Group increased their price objective on shares of Celsius from $73.00 to $99.00 and gave the company a "buy" rating in a report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.10.

Celsius Stock Down 0.5 %

NASDAQ:CELH traded down $0.36 during trading hours on Thursday, reaching $71.64. 2,517,284 shares of the company's stock were exchanged, compared to its average volume of 4,732,632. The company has a market capitalization of $16.55 billion, a P/E ratio of 92.64, a price-to-earnings-growth ratio of 2.10 and a beta of 1.86. Celsius Holdings, Inc. has a 12 month low of $29.92 and a 12 month high of $99.62. The business's 50-day simple moving average is $79.60 and its two-hundred day simple moving average is $64.68.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm's quarterly revenue was up 95.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. As a group, sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal 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.