DAVENPORT & Co LLC Sells 18,932 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

DAVENPORT & Co LLC decreased its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 62.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,249 shares of the company's stock after selling 18,932 shares during the period. DAVENPORT & Co LLC's holdings in Celsius were worth $401,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CELH. Clear Creek Financial Management LLC acquired a new position in shares of Celsius in the 1st quarter worth approximately $281,000. Westside Investment Management Inc. acquired a new position in shares of Celsius in the 1st quarter worth approximately $32,000. Peregrine Capital Management LLC grew its stake in shares of Celsius by 3.5% in the 1st quarter. Peregrine Capital Management LLC now owns 252,956 shares of the company's stock worth $9,010,000 after purchasing an additional 8,496 shares during the last quarter. KBC Group NV grew its stake in shares of Celsius by 3.8% in the 1st quarter. KBC Group NV now owns 34,992 shares of the company's stock worth $1,246,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Sovran Advisors LLC grew its stake in shares of Celsius by 24.9% in the 1st quarter. Sovran Advisors LLC now owns 103,405 shares of the company's stock worth $3,851,000 after purchasing an additional 20,637 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Transactions at Celsius

In other Celsius news, CEO John Fieldly sold 130,803 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the completion of the transaction, the chief executive officer owned 1,038,577 shares of the company's stock, valued at approximately $46,735,965. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 300,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the sale, the insider owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 562,974 shares of company stock worth $25,758,418 over the last quarter. Corporate insiders own 2.55% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Truist Financial lifted their target price on shares of Celsius from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Roth Capital reiterated a "buy" rating and issued a $52.00 target price (up from $46.00) on shares of Celsius in a research note on Thursday, June 26th. Wall Street Zen downgraded shares of Celsius from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, LADENBURG THALM/SH SH decreased their price objective on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.65.

Celsius Trading Down 1.3%

Shares of NASDAQ:CELH traded down $0.62 during mid-day trading on Thursday, reaching $45.49. The stock had a trading volume of 1,825,137 shares, compared to its average volume of 8,095,484. The firm has a market cap of $11.72 billion, a PE ratio of 142.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45. The firm has a 50 day simple moving average of $40.30 and a two-hundred day simple moving average of $33.20. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $60.70.

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