Envestnet Portfolio Solutions Inc. Raises Holdings in Celsius Holdings Inc. $CELH

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in Celsius Holdings Inc. by 117.3% during the second quarter, now owning 28,086 shares valued at approximately $1.3 million.
• Insiders, including CEO John Fieldly, have sold substantial amounts of stock, with Fieldly selling 143,167 shares valued at over $7.3 million, resulting in a decrease of 13.78% in his ownership.
• Celsius reported a quarterly revenue increase of 83.9% year-over-year, with earnings per share of $0.47, beating analyst estimates significantly.

Envestnet Portfolio Solutions Inc. increased its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 117.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 28,086 shares of the company's stock after acquiring an additional 15,159 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Celsius were worth $1,303,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CELH. GAMMA Investing LLC lifted its stake in Celsius by 19.7% during the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock worth $73,000 after purchasing an additional 338 shares in the last quarter. Fifth Third Bancorp lifted its stake in Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after purchasing an additional 666 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Celsius by 23.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company's stock worth $796,000 after purchasing an additional 4,210 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Celsius during the first quarter worth $206,000. Finally, State of Alaska Department of Revenue lifted its stake in Celsius by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 18,454 shares of the company's stock worth $657,000 after purchasing an additional 500 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly sold 143,167 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $7,327,287.06. Following the sale, the chief executive officer directly owned 895,410 shares in the company, valued at $45,827,083.80. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jarrod Langhans sold 5,000 shares of the firm's stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the chief financial officer owned 99,227 shares in the company, valued at approximately $6,449,755. This represents a 4.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 605,667 shares of company stock valued at $30,065,162 over the last 90 days. 2.55% of the stock is currently owned by corporate insiders.

Celsius Trading Up 0.9%

NASDAQ:CELH opened at $64.86 on Friday. The firm has a market cap of $16.73 billion, a PE ratio of 175.30, a price-to-earnings-growth ratio of 1.31 and a beta of 1.38. The stock has a fifty day moving average price of $58.54 and a 200 day moving average price of $46.93. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $66.74. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Piper Sandler upped their price target on Celsius from $60.00 to $69.00 and gave the stock an "overweight" rating in a research note on Monday, September 8th. Cowen reiterated a "buy" rating on shares of Celsius in a research note on Tuesday, September 2nd. Zacks Research lowered Celsius from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Finally, Wall Street Zen lowered Celsius from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average target price of $63.15.

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.

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