AIA Group Ltd Has $1.03 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

AIA Group Ltd boosted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 302.1% in the 4th quarter, HoldingsChannel.com reports. The firm 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CELH. Capital International Investors acquired a new position in Celsius during the first quarter valued at approximately $93,034,000. Allspring Global Investments Holdings LLC lifted its position in shares of Celsius by 633.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,422,367 shares of the company’s stock valued at $77,547,000 after buying an additional 1,228,560 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Celsius by 18.7% in the third quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company’s stock valued at $831,676,000 after buying an additional 762,087 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Celsius in the first quarter valued at approximately $45,022,000. Finally, Braun Stacey Associates Inc. lifted its position in shares of Celsius by 192.5% in the third quarter. Braun Stacey Associates Inc. now owns 634,863 shares of the company’s stock valued at $108,942,000 after buying an additional 417,825 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of recent analyst reports. Stifel Europe raised their price objective on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Roth Mkm increased their target price on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Piper Sandler raised their price objective on Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. UBS Group raised their price objective on Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Morgan Stanley restated an “equal weight” rating and set a $75.00 price objective on shares of Celsius in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average target price of $85.10.

Insider Activity at Celsius

In related news, Director Nicholas Castaldo sold 165,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the sale, the director now owns 352,864 shares of the company’s stock, valued at approximately $29,404,157.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicholas Castaldo sold 165,000 shares of Celsius stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $83.33, for a total value of $13,749,450.00. Following the transaction, the director now directly owns 352,864 shares in the company, valued at $29,404,157.12. The disclosure for this sale can be found here. Insiders have sold a total of 1,038,400 shares of company stock valued at $60,947,637 in the last 90 days. 2.70% of the stock is owned by corporate insiders.

Celsius Stock Down 1.6 %

NASDAQ CELH opened at $68.84 on Friday. Celsius Holdings, Inc. has a twelve month low of $29.42 and a twelve month high of $99.62. The company has a market cap 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. The business’s fifty day moving average is $78.80 and its 200 day moving average is $64.14.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. During the same quarter last year, the business posted $0.01 EPS. Celsius’s revenue for the quarter was up 95.2% on a year-over-year basis. On average, research 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.