In this article, we will take a look at the 5 high growth consumer stocks to buy. To read our analysis of the recent trends and market activity, you can go to the 14 High Growth Consumer Stocks to Buy.
5. Celsius Holdings, Inc. (NASDAQ:CELH)
Revenue Growth YoY: 104.46%
Number of Hedge Fund Holders: 42
Boca Raton, Florida-based Celsius Holdings, Inc. (NASDAQ:CELH) is the maker of energy drink brand CELSIUS®, a lifestyle energy drink.
On November 7, Celsius Holdings, Inc. (NASDAQ:CELH) released its financial results for Q3 2023 which showed a 104% y-o-y growth in the company’s revenue to $385 million. Compared to a net loss of $186 million, the company generated a net income of $70 million during the quarter.
As of Q4 2023, 42 hedge funds tracked by Insider Monkey owned Celsius Holdings, Inc. (NASDAQ:CELH) shares valued at $519 million. Marshall Wace LLP was its lead hedge fund shareholder with ownership of 2.6 million shares valued at $143 million.
4. Rivian Automotive Inc. (NASDAQ:RIVN)
Revenue Growth YoY: 149.44%
Number of Hedge Fund Holders: 32
Rivian Automotive, Inc. (NASDAQ: RIVN), based in Irvine, California, designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers. Founded in 2009, the company has launched three vehicles so far, R1T and R1S adventure vehicles, and EDV – an electric delivery van custom-designed for Amazon.
On January 2, Rivian Automotive, Inc. released its production figures for 2023. During the year, the company produced 57,232 vehicles which exceeded its production guidance of 54,000. Earlier in Q3 2023, its revenue increased by 149% y-o-y to $1.3 billion.
As of Q4 2023, Rivian Automotive Inc. (NASDAQ:RIVN) shares were owned by 32 prominent hedge funds tracked by Insider Monkey. D E Shaw was the lead hedge fund shareholder with ownership of 16.8 million shares valued at $396 million.
3. Las Vegas Sands Corp. (NYSE:LVS)
Revenue Growth YoY: 160.97%
Number of Hedge Fund Holders: 48
Las Vegas Sands Corp. (NYSE:LVS) is a developer and operator of world-class integrated resorts. Its portfolio of properties includes Marina Bay Sands in Singapore and The Venetian Macao, The Plaza Macao, The Londoner Macao, The Parisian Macao and Sands Macao in Macao SAR.
On January 24, Las Vegas Sands Corp. (NYSE:LVS) released its financial results for Q4 2023. Its revenue increased by 161% y-o-y to $2.9 billion, while it generated a net income of $382 million compared to a net loss of $169 million.
As of Q4 2023, 48 hedge funds owned shares of Las Vegas Sands Corp. (NYSE:LVS), the third highest on our list of 14 high growth consumer stocks to buy. Ken Fisher’s Fisher Asset Management was the lead investor with ownership of 11.3 million shares valued at $555 million.
2. Li Auto Inc. (NASDAQ:LI)
Revenue Growth YoY: 261.74%
Number of Hedge Fund Holders: 31
Beijing, China-based Li Auto Inc. (NASDAQ:LI) is a leader among electric vehicle companies in China. The company designs, develops, manufactures, and sells premium smart electric vehicles. Its product portfolio includes Li MEGA, a family MPV, and several SUVs including Li L9, Li L8, and Li L7.
Li Auto Inc. (NASDAQ:LI) delivered vehicles in Q4 2023, up 184.6% year over year. As of year-end, the company’s cumulative vehicle deliveries surpassed 0.6 million, the highest among emerging electric vehicle companies in China.
Li Auto Inc. (NASDAQ:LI) has been a consistent component of hedge fund portfolios. As of Q4 2023, its shares were held by 31 of the 933 hedge funds tracked by Insider Monkey, valued at $1.1 billion. Jim Simons’ Renaissance Technologies was the largest shareholder on record with ownership of 8.9 million shares valued at $332 million.
1. Melco Resorts & Entertainment Limited (NASDAQ:MLCO)
Revenue Growth YoY: 320.68%
Number of Hedge Fund Holders: 26
Based in Macau, Melco Resorts & Entertainment Limited (NASDAQ:MLCO) is a developer, owner, and operator of integrated resort facilities in Asia and Europe. It currently operates integrated casinos Altira Macau, and City of Dreams, located in Macau. Its portfolio also includes several other properties.
On November 7, Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its financial results for Q3 2023. Its revenue went up by 321% y-o-y to $1.0 billion, while its net loss declined by 93% y-o-y to $16 million. The stock ranks highest on our list of 14 high growth consumer stocks to buy based on its revenue growth.
As of Q4 2023, 26 hedge funds owned shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO), valued at $392 million. Ricky Sandler’s Eminence Capital was the largest shareholder with ownership of 11.6 million shares valued at $103 million.
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