KBC Group NV Has $1.27 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

KBC Group NV lowered its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 92.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,583 shares of the company's stock after selling 506,820 shares during the quarter. KBC Group NV's holdings in Celsius were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Blair William & Co. IL purchased a new position in Celsius during the 1st quarter worth approximately $396,000. Vanguard Group Inc. boosted its position in shares of Celsius by 18.7% during the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company's stock worth $1,352,737,000 after purchasing an additional 2,567,290 shares in the last quarter. Covestor Ltd grew its position in Celsius by 12.9% during the first quarter. Covestor Ltd now owns 1,110 shares of the company's stock worth $92,000 after buying an additional 127 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Celsius in the 1st quarter valued at approximately $563,000. Finally, UniSuper Management Pty Ltd raised its stake in shares of Celsius by 90.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,100 shares of the company's stock worth $174,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CELH. B. Riley dropped their price target on Celsius from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Maxim Group reduced their target price on Celsius from $65.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group decreased their price target on shares of Celsius from $53.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, October 10th. Bank of America dropped their price objective on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating on the stock in a research note on Thursday, September 5th. Finally, UBS Group dropped their price objective on Celsius from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Celsius has a consensus rating of "Moderate Buy" and an average target price of $54.40.

Celsius Stock Performance

Shares of CELH stock traded up $1.50 during mid-day trading on Tuesday, hitting $27.29. 8,805,541 shares of the stock traded hands, compared to its average volume of 6,047,826. The company's 50-day simple moving average is $31.26 and its 200-day simple moving average is $48.97. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 2.95 and a beta of 1.86. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 1,812,490 shares of the company's stock, valued at $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.20% of the company's stock.

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.