Vanguard Group Inc. Sells 1,167,890 Shares of Celsius Holdings Inc. (NASDAQ:CELH)

Vanguard Group Inc. decreased its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,645,220 shares of the company's stock after selling 1,167,890 shares during the period. Vanguard Group Inc. owned 5.68% of Celsius worth $521,663,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CELH. Westside Investment Management Inc. purchased a new position in shares of Celsius in the first quarter worth about $32,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after purchasing an additional 750 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after purchasing an additional 844 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Celsius by 62.9% in 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. Finally, Peterson Wealth Services purchased a new position in shares of Celsius in the first quarter worth about $66,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Morgan Stanley boosted their price objective on shares of Celsius from $42.00 to $56.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Stephens reaffirmed an "overweight" rating on shares of Celsius in a research note on Monday, August 11th. Citigroup reaffirmed a "buy" rating and set a $60.00 price objective (up previously from $55.00) on shares of Celsius in a research note on Friday, August 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.28.

Celsius Price Performance

CELH stock traded up $0.63 during midday trading on Friday, reaching $57.30. The company had a trading volume of 5,474,968 shares, compared to its average volume of 7,221,051. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $57.79. The company has a market capitalization of $14.78 billion, a P/E ratio of 154.86, a P/E/G ratio of 1.31 and a beta of 1.40. The firm has a 50-day moving average price of $46.13 and a 200-day moving average price of $37.19.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business had revenue of $739.30 million during the quarter, compared to analysts' expectations of $632.13 million. During the same quarter in the previous 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, research analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

In other news, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the sale, the insider directly owned 17,717,770 shares in the company, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Fieldly sold 143,167 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 895,410 shares of the company's stock, valued at approximately $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,111,141 shares of company stock valued at $52,241,605. Insiders own 2.55% of the company's stock.

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.