LPL Financial LLC Purchases 25,351 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

LPL Financial LLC lifted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 134.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,138 shares of the company’s stock after purchasing an additional 25,351 shares during the quarter. LPL Financial LLC owned 0.06% of Celsius worth $4,102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CELH. Capital International Investors acquired a new position in Celsius in the 1st quarter worth $93,034,000. Point72 Asset Management L.P. acquired a new position in Celsius in the 4th quarter worth $29,224,000. Eagle Asset Management Inc. boosted its stake in Celsius by 28.4% in the 1st quarter. Eagle Asset Management Inc. now owns 1,158,206 shares of the company’s stock worth $107,643,000 after purchasing an additional 256,111 shares during the period. Principal Financial Group Inc. boosted its stake in Celsius by 154.6% in the 4th quarter. Principal Financial Group Inc. now owns 420,630 shares of the company’s stock worth $43,762,000 after purchasing an additional 255,413 shares during the period. Finally, Braun Stacey Associates Inc. boosted its stake in shares of Celsius by 172.3% during the 1st quarter. Braun Stacey Associates Inc. now owns 401,882 shares of the company’s stock worth $37,351,000 after buying an additional 254,318 shares during the last quarter. 60.32% of the stock is owned by institutional investors.

Insider Transactions at Celsius

In related news, major shareholder Hoi Shuen Solina Holly Chau sold 350,976 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $142.46, for a total transaction of $50,000,040.96. Following the sale, the insider now owns 7,980,323 shares in the company, valued at approximately $1,136,876,814.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Hoi Shuen Solina Holly Chau sold 350,976 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $142.46, for a total transaction of $50,000,040.96. Following the sale, the insider now owns 7,980,323 shares in the company, valued at approximately $1,136,876,814.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexandre Ruberti sold 4,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $175.25, for a total transaction of $701,000.00. Following the sale, the director now owns 15,805 shares in the company, valued at approximately $2,769,826.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 873,608 shares of company stock valued at $141,962,128. 2.70% of the stock is currently owned by company insiders.

Celsius Stock Down 0.9 %

Celsius stock opened at $194.22 on Friday. The stock has a market cap of $14.93 billion, a P/E ratio of -101.69 and a beta of 1.77. Celsius Holdings, Inc. has a twelve month low of $78.25 and a twelve month high of $198.45. The company’s 50-day moving average price is $158.92 and its two-hundred day moving average price is $125.21.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, August 8th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.26 by $0.26. Celsius had a negative net margin of 11.60% and a positive return on equity of 66.52%. The company had revenue of $325.88 million for the quarter, compared to analysts’ expectations of $277.19 million. During the same period last year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was up 111.6% on a year-over-year basis. Equities analysts anticipate that Celsius Holdings, Inc. will post 1.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

CELH has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Celsius from $165.00 to $191.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. UBS Group increased their price objective on shares of Celsius from $130.00 to $160.00 in a research note on Friday, June 2nd. Wedbush increased their price objective on shares of Celsius from $155.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Piper Sandler upped their target price on shares of Celsius from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday, August 29th. Finally, Bank of America upped their target price on shares of Celsius from $165.00 to $180.00 in a report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $164.80.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.