Celsius Holdings Inc. (NASDAQ:CELH) Stake Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 11.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,371 shares of the company's stock after purchasing an additional 18,281 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Celsius worth $6,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC purchased a new stake in shares of Celsius during the fourth quarter worth $85,068,000. Norges Bank purchased a new stake in Celsius during the 4th quarter worth about $72,579,000. Alyeska Investment Group L.P. increased its holdings in Celsius by 60.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock worth $181,164,000 after purchasing an additional 2,591,345 shares during the period. FMR LLC increased its holdings in Celsius by 64.2% during the 4th quarter. FMR LLC now owns 4,055,148 shares of the company's stock worth $106,813,000 after purchasing an additional 1,585,839 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Celsius by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock valued at $376,455,000 after purchasing an additional 1,444,020 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 18,017,770 shares of the company's stock, valued at $851,699,987.90. This represents a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John Fieldly sold 132,171 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 562,974 shares of company stock valued at $25,758,418. 2.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Roth Capital restated 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. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $55.00 in a research report on Monday, June 16th. Truist Financial lifted their target price on shares of Celsius from $50.00 to $55.00 and gave the company a "buy" rating in a report on Monday, July 14th. Stifel Nicolaus assumed coverage on Celsius in a report on Thursday, June 12th. They issued a "buy" rating and a $47.00 price objective on the stock. Finally, Piper Sandler lifted their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.94.

Celsius Stock Up 0.7%

CELH stock traded up $0.33 during trading on Friday, hitting $46.64. 3,822,682 shares of the company's stock traded hands, compared to its average volume of 4,531,193. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $48.64. The stock has a fifty day moving average price of $42.56 and a two-hundred day moving average price of $34.79. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 145.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45.

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

Celsius Company 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.