Vanguard Group Inc. Has $521.66 Million Stake in Celsius Holdings Inc. (NASDAQ:CELH)

Vanguard Group Inc. trimmed its stake in Celsius Holdings Inc. (NASDAQ:CELH) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,645,220 shares of the company’s stock after selling 1,167,890 shares during the period. Vanguard Group Inc. owned about 5.68% of Celsius worth $521,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new stake in Celsius in the 1st quarter worth $32,000. MassMutual Private Wealth & Trust FSB grew its position in Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after purchasing an additional 750 shares during the last quarter. UMB Bank n.a. grew its position in Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after purchasing an additional 844 shares during the last quarter. Fifth Third Bancorp grew its position in Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after purchasing an additional 666 shares during the last quarter. Finally, Peterson Wealth Services acquired a new stake in Celsius in the 1st quarter worth $66,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 300,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total value of $14,181,000.00. Following the completion of the transaction, the insider directly owned 18,017,770 shares of the company’s stock, valued at approximately $851,699,987.90. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the transaction, the insider directly owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,111,141 shares of company stock valued at $52,241,605. Company insiders own 2.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CELH. UBS Group raised their price target on shares of Celsius from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Truist Financial set a $65.00 target price on shares of Celsius and gave the company a “buy” rating in a research report on Monday. Stephens reiterated an “overweight” rating on shares of Celsius in a research report on Monday. Roth Capital reiterated a “buy” rating and set a $52.00 target price (up from $46.00) on shares of Celsius in a research report on Thursday, June 26th. Finally, TD Cowen upgraded shares of Celsius from a “hold” rating to a “buy” rating and lifted their target price for the company from $37.00 to $55.00 in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $52.28.

Celsius Trading Up 1.1%

Shares of CELH stock opened at $56.67 on Friday. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $57.14. The company has a market capitalization of $14.62 billion, a P/E ratio of 153.16, a P/E/G ratio of 1.28 and a beta of 1.40. The firm has a 50-day moving average price of $45.79 and a 200 day moving average price of $36.88. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. During the same period last year, the firm posted $0.28 EPS. The firm’s quarterly revenue was up 83.9% on a year-over-year basis. Research analysts forecast that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Celsius 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.