Ballentine Partners LLC Invests $238,000 in Celsius Holdings Inc. (NASDAQ:CELH)

Ballentine Partners LLC bought a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,670 shares of the company's stock, valued at approximately $238,000.

Several other hedge funds have also made changes to their positions in the company. Champlain Investment Partners LLC purchased a new position in Celsius during the 4th quarter valued at about $85,068,000. Contrarius Group Holdings Ltd purchased a new stake in shares of Celsius in the 4th quarter worth approximately $75,535,000. Norges Bank bought a new position in shares of Celsius during the fourth quarter valued at approximately $72,579,000. Alyeska Investment Group L.P. increased its holdings in Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after buying an additional 2,591,345 shares during the period. Finally, FMR LLC increased its holdings in Celsius by 64.2% during the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after buying an additional 1,585,839 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company upped their target price on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Piper Sandler upped their price objective on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Needham & Company LLC lifted their target price on Celsius from $47.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and increased their price target for the company from $37.00 to $55.00 in a research report on Monday, June 16th. Finally, Roth Capital restated a "buy" rating and issued a $52.00 price target (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $46.47.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 132,171 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the transaction, the chief executive officer directly owned 1,169,380 shares of the company's stock, valued at $50,353,502.80. This trade represents a 10.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder William H. Milmoe sold 300,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction 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. This trade represents a 1.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 562,974 shares of company stock valued at $25,758,418. Corporate insiders own 2.55% of the company's stock.

Celsius Stock Down 0.0%

NASDAQ:CELH traded down $0.02 during trading hours on Friday, hitting $44.43. 5,372,817 shares of the stock were exchanged, compared to its average volume of 8,065,131. The company has a market capitalization of $11.45 billion, a P/E ratio of 138.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.45. The company's 50 day moving average is $41.74 and its two-hundred day moving average is $34.04. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $52.10.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a net margin of 8.40% and a return on equity of 42.12%. The firm had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. During the same period last year, the firm earned $0.27 EPS. Celsius's quarterly revenue was down 7.4% on a year-over-year basis. On average, equities research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

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.