LPL Financial LLC Sells 73,004 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• LPL Financial LLC has reduced its stake in Celsius Holdings Inc. by 23.0%, selling 73,004 shares during the first quarter, leaving them with 245,057 shares valued at approximately $8.73 million.
• Several institutional investors have increased their holdings in Celsius, including Alyeska Investment Group, which grew its position by 60.5% in the fourth quarter, now owning over 6.87 million shares.
• Celsius reported earnings of $0.47 per share for the latest quarter, exceeding analysts' forecasts, with a yearly revenue increase of 83.9% compared to the previous year.

LPL Financial LLC trimmed its position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 245,057 shares of the company's stock after selling 73,004 shares during the period. LPL Financial LLC owned 0.10% of Celsius worth $8,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CELH. Westside Investment Management Inc. acquired a new stake in shares of Celsius in the 1st quarter valued at $32,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after purchasing an additional 750 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after purchasing an additional 844 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after purchasing an additional 666 shares during the last quarter. Finally, Peterson Wealth Services acquired a new stake in shares of Celsius in the 1st quarter valued at $66,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Price Performance

NASDAQ CELH traded up $0.72 on Tuesday, reaching $54.72. The company's stock had a trading volume of 10,569,151 shares, compared to its average volume of 6,874,568. The firm has a market cap of $14.12 billion, a PE ratio of 68.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.40. The business has a 50-day moving average price of $45.14 and a 200 day moving average price of $36.53. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $55.87. 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 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. The business had revenue of $739.30 million for the quarter, compared to analysts' expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm's revenue for the quarter was up 83.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Sell-side analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CELH shares. UBS Group lifted their price objective on shares of Celsius from $57.00 to $64.00 and gave the company a "buy" rating in a research note on Friday. 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. Truist Financial set a $65.00 target price on shares of Celsius and gave the stock a "buy" rating in a research report on Monday. Needham & Company LLC boosted their target price on shares of Celsius from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Maxim Group boosted their target price on shares of Celsius from $50.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.28.

Insider Activity

In other Celsius news, major shareholder Deborah Desantis sold 100,000 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Fieldly sold 143,167 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction 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 represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,111,141 shares of company stock valued at $52,241,605 over the last three months. 2.20% of the stock is owned by corporate insiders.

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.