Vanguard Group Inc. Has $416.52 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Vanguard Group Inc. increased its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,813,110 shares of the company’s stock after buying an additional 345,837 shares during the period. Vanguard Group Inc. owned 6.73% of Celsius worth $416,517,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after acquiring an additional 165,329 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after purchasing an additional 104,896 shares in the last quarter. Contrarius Group Holdings Ltd bought a new position in Celsius in the 4th quarter worth approximately $75,535,000. Raymond James Financial Inc. acquired a new position in Celsius during the 4th quarter worth $61,160,000. Finally, SG Americas Securities LLC boosted its position in Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after buying an additional 1,914,264 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CELH. UBS Group cut their price target on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Truist Financial upgraded Celsius from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $45.00 in a report on Monday. LADENBURG THALM/SH SH cut their target price on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Piper Sandler dropped their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Celsius Price Performance

Shares of NASDAQ CELH opened at $36.75 on Thursday. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 83.52, a PEG ratio of 2.90 and a beta of 1.57. The business has a 50-day moving average of $27.44 and a 200-day moving average of $28.86.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. On average, sell-side analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insiders Place Their Bets

In related news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the transaction, the insider now directly 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. Insiders own 2.20% of the company’s stock.

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.