Vontobel Holding Ltd. Boosts Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Vontobel Holding Ltd. raised its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 93.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,147 shares of the company’s stock after acquiring an additional 22,786 shares during the period. Vontobel Holding Ltd.’s holdings in Celsius were worth $1,479,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Celsius by 18.7% in the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after purchasing an additional 2,567,290 shares during the last quarter. Capital International Investors grew its holdings in Celsius by 50.6% during the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after acquiring an additional 1,333,217 shares during the period. Massachusetts Financial Services Co. MA raised its position in Celsius by 231.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after acquiring an additional 790,014 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Celsius by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock worth $232,365,000 after purchasing an additional 9,054 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CELH shares. Bank of America cut their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Roth Mkm decreased their price objective on shares of Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Piper Sandler lowered their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. Finally, Truist Financial increased their price target on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus target price of $57.29.

Celsius Trading Up 5.2 %

CELH opened at $33.85 on Friday. Celsius Holdings, Inc. has a twelve month low of $28.20 and a twelve month high of $99.62. The firm has a market capitalization of $7.89 billion, a PE ratio of 37.20, a PEG ratio of 2.29 and a beta of 1.84. The firm’s 50-day moving average price is $34.75 and its 200 day moving average price is $55.86.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same period in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, analysts predict that Celsius Holdings, Inc. will post 0.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of Celsius 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 transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

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.