Independent Advisor Alliance Invests $354,000 in Celsius Holdings Inc. $CELH

Key Points

• Independent Advisor Alliance acquired approximately 9,938 shares of Celsius Holdings Inc. for around $354,000 in the first quarter, reflecting growing interest from institutional investors in the company's stock.
• Celsius Holdings reported a significant revenue increase of 83.9% year-over-year, with earnings per share of $0.47, beating analyst expectations by $0.24.
• The stock is currently valued at $57.30 per share, with a market capitalization of $14.78 billion and a PE ratio of 154.86.

Independent Advisor Alliance purchased a new position in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,938 shares of the company's stock, valued at approximately $354,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its stake in Celsius by 12.0% in the first quarter. Spire Wealth Management now owns 2,677 shares of the company's stock valued at $95,000 after acquiring an additional 287 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Celsius by 3.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 9,718 shares of the company's stock worth $346,000 after acquiring an additional 301 shares in the last quarter. TD Private Client Wealth LLC grew its position in Celsius by 8.8% in the first quarter. TD Private Client Wealth LLC now owns 4,071 shares of the company's stock worth $145,000 after acquiring an additional 328 shares in the last quarter. GAMMA Investing LLC grew its position in Celsius by 19.7% in the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock worth $73,000 after acquiring an additional 338 shares in the last quarter. Finally, Moody National Bank Trust Division grew its position in Celsius by 1.3% in the first quarter. Moody National Bank Trust Division now owns 27,170 shares of the company's stock worth $968,000 after acquiring an additional 344 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

Insider Buying and Selling at Celsius

In other news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer owned 104,227 shares in the company, valued at approximately $6,253,620. This represents a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 300,000 shares of the 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 owned 18,017,770 shares of the company's stock, valued at approximately $851,699,987.90. This represents a 1.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,116,141 shares of company stock worth $52,541,605. Corporate insiders own 2.55% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Piper Sandler boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Stifel Nicolaus boosted their target price on shares of Celsius from $50.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Stephens reissued an "overweight" rating on shares of Celsius in a research report on Monday, August 11th. Finally, Morgan Stanley boosted their target price on shares of Celsius from $42.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Fifteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $52.28.

Celsius Stock Performance

NASDAQ:CELH traded down $0.73 during trading hours on Tuesday, hitting $60.47. 7,729,361 shares of the company traded hands, compared to its average volume of 8,264,359. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 163.43, a P/E/G ratio of 1.31 and a beta of 1.40. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $61.90. The firm has a 50-day moving average of $46.51 and a 200 day moving average of $37.52. 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 released its earnings results on Thursday, August 7th. The company reported $0.47 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 analysts' expectations of $632.13 million. During the same period in the prior year, the company earned $0.28 EPS. The business's quarterly revenue was up 83.9% compared to the same quarter last year. On average, analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current 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.