Celsius Holdings, Inc. (NASDAQ:CELH) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 25.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,034 shares of the company’s stock after acquiring an additional 1,415 shares during the period. J.W. Cole Advisors Inc.’s holdings in Celsius were worth $402,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Celsius by 18.7% during the first 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 during the last quarter. Capital International Investors increased its stake in Celsius by 50.6% in the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after buying an additional 1,333,217 shares during the period. Wellington Management Group LLP raised its position in Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after buying an additional 2,306,598 shares during the last quarter. Eagle Asset Management Inc. raised its position in Celsius by 188.8% during the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after buying an additional 1,934,400 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Celsius by 36.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after acquiring an additional 790,014 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. B. Riley cut their price target on shares of Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Truist Financial cut their target price on Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, September 6th. Wedbush decreased their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. BNP Paribas started coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective on the stock. Finally, UBS Group reduced their target price on Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus price target of $57.64.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Celsius Trading Up 4.9 %

Shares of CELH opened at $34.80 on Wednesday. Celsius Holdings, Inc. has a 12-month low of $31.55 and a 12-month high of $99.62. The stock has a market cap of $8.11 billion, a P/E ratio of 38.24, a PEG ratio of 2.46 and a beta of 1.85. The company has a 50-day moving average of $41.84 and a two-hundred day moving average of $64.73.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. As a group, analysts forecast that Celsius Holdings, Inc. will post 0.83 EPS 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.