Vanguard Personalized Indexing Management LLC Increases Stock Position in Celsius Holdings Inc. $CELH

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Celsius Holdings Inc. by 29.1% in Q2, holding 31,666 shares valued at approximately $1.47 million.
• Analyst ratings on Celsius vary, with a consensus rating of "Moderate Buy" and an average target price of $63.15.
• Insider trading activity saw significant sales, including a sale of 5,000 shares by CFO Jarrod Langhans and 143,167 shares by CEO John Fieldly, indicating a decline in their positions by 4.80% and 13.78%, respectively.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 29.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,666 shares of the company's stock after acquiring an additional 7,138 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Celsius were worth $1,469,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. purchased a new stake in shares of Celsius during the 1st quarter valued at about $32,000. Summit Securities Group LLC purchased a new stake in shares of Celsius during the 1st quarter valued at about $34,000. Fifth Third Bancorp boosted its holdings in shares of Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after acquiring an additional 666 shares during the last quarter. Peterson Wealth Services purchased a new stake in shares of Celsius during the 1st quarter valued at about $66,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Celsius by 124.7% during the 1st quarter. Golden State Wealth Management LLC now owns 1,993 shares of the company's stock valued at $71,000 after acquiring an additional 1,106 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CELH. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Celsius in a report on Tuesday. Zacks Research downgraded shares of Celsius from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. B. Riley raised their price objective on shares of Celsius from $56.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Bank of America raised their price objective on shares of Celsius from $40.00 to $55.00 and gave the stock an "underperform" rating in a report on Wednesday, October 8th. Finally, Piper Sandler raised their price objective on shares of Celsius from $60.00 to $69.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Nineteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $63.15.

Celsius Price Performance

NASDAQ CELH opened at $64.86 on Friday. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $66.74. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 175.30, a PEG ratio of 1.30 and a beta of 1.38. The company's 50 day moving average is $58.54 and its two-hundred day moving average is $46.86. 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, 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 company had revenue of $739.30 million for the quarter, compared to analysts' expectations of $632.13 million. During the same quarter last year, the business earned $0.28 EPS. The firm's revenue was up 83.9% compared to the same quarter last year. As a group, research analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Insider Activity at Celsius

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the sale, the chief financial officer owned 99,227 shares in the company, valued at approximately $6,449,755. This trade represents a 4.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Fieldly sold 143,167 shares of the firm'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 sale, the chief executive officer owned 895,410 shares in the company, valued at approximately $45,827,083.80. The trade was a 13.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 605,667 shares of company stock worth $30,065,162 in the last 90 days. Insiders own 2.55% of the company's stock.

Celsius 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.

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