Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 33.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,486 shares of the company’s stock after selling 5,846 shares during the period. US Bancorp DE’s holdings in Celsius were worth $360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares during the period. Beacon Capital Management LLC acquired a new position in Celsius during the first quarter worth about $40,000. S.A. Mason LLC bought a new stake in Celsius in the second quarter worth about $30,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

CELH has been the subject of several recent research reports. Morgan Stanley reissued an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. LADENBURG THALM/SH SH cut their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Maxim Group decreased their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group cut their target price on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, Truist Financial increased their price target on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Price Performance

Shares of CELH opened at $26.96 on Wednesday. The business’s 50-day moving average is $31.94 and its 200-day moving average is $50.61. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 38.04, a P/E/G ratio of 2.52 and a beta of 1.86. Celsius Holdings, Inc. has a fifty-two week low of $25.77 and a fifty-two week high of $99.62.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were 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 directly 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 SEC, which is available at this link. Company insiders own 2.20% of the company’s stock.

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.