Westpac Banking Corp Sells 13,517 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Westpac Banking Corp cut its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 35.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,968 shares of the company's stock after selling 13,517 shares during the period. Westpac Banking Corp's holdings in Celsius were worth $658,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Contrarius Group Holdings Ltd purchased a new position in shares of Celsius in the 4th quarter worth about $75,535,000. Norges Bank acquired a new position in Celsius during the fourth quarter valued at approximately $72,579,000. Raymond James Financial Inc. purchased a new stake in Celsius during the fourth quarter worth approximately $61,160,000. SG Americas Securities LLC increased its position in shares of Celsius by 10,320.0% in the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company's stock worth $50,910,000 after acquiring an additional 1,914,264 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Celsius by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock valued at $376,455,000 after acquiring an additional 1,444,020 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CELH. TD Cowen cut Celsius from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Roth Mkm reaffirmed a "buy" rating and set a $38.00 target price on shares of Celsius in a report on Friday, February 21st. UBS Group lowered their price target on Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and raised their price objective for the stock from $35.00 to $45.00 in a research note on Monday, March 31st. Finally, Jefferies Financial Group lowered their target price on shares of Celsius from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.29.

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Insider Transactions at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Celsius Stock Performance

NASDAQ CELH traded down $0.91 on Thursday, reaching $36.34. The company's stock had a trading volume of 4,711,969 shares, compared to its average volume of 7,665,329. The firm's 50 day moving average is $28.88 and its two-hundred day moving average is $28.98. The stock has a market cap of $8.55 billion, a PE ratio of 82.25, a PEG ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $98.85.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm had revenue of $332.20 million for the quarter, compared to analysts' expectations of $326.07 million. Equities research analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

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.