11,994 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,994 shares of the company’s stock, valued at approximately $376,000.

Several other hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in Celsius by 26.4% during the 1st quarter. Janus Henderson Group PLC now owns 5,804 shares of the company’s stock worth $481,000 after purchasing an additional 1,212 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Celsius by 4.3% during the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after buying an additional 249 shares in the last quarter. Comerica Bank raised its position in shares of Celsius by 5.7% in the first quarter. Comerica Bank now owns 55,446 shares of the company’s stock valued at $4,598,000 after buying an additional 2,990 shares during the last quarter. Swedbank AB purchased a new position in shares of Celsius during the first quarter valued at approximately $279,000. Finally, Atria Investments Inc boosted its position in Celsius by 8.5% during the first quarter. Atria Investments Inc now owns 21,198 shares of the company’s stock worth $1,758,000 after acquiring an additional 1,667 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Activity

In other Celsius news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 3.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Celsius Price Performance

NASDAQ:CELH opened at $28.64 on Tuesday. The business’s 50-day moving average is $30.26 and its two-hundred day moving average is $45.07. The firm has a market capitalization of $6.73 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 3.27 and a beta of 1.86. Celsius Holdings, Inc. has a 12 month low of $25.23 and a 12 month high of $99.62.

Analyst Ratings Changes

A number of brokerages have weighed in on CELH. UBS Group reduced their price target on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Truist Financial increased their target price on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Stifel Nicolaus lowered their price target on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Bank of America cut their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Finally, Jefferies Financial Group lowered their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Company 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.