Wellington Management Group LLP Sells 1,414,258 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Wellington Management Group LLP decreased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 47.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,536,493 shares of the company's stock after selling 1,414,258 shares during the period. Wellington Management Group LLP owned 0.65% of Celsius worth $40,471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Louisiana State Employees Retirement System raised its holdings in Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company's stock valued at $1,151,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. raised its holdings in Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after acquiring an additional 441 shares during the period. TD Private Client Wealth LLC grew its position in Celsius by 14.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company's stock worth $99,000 after buying an additional 459 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Celsius by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company's stock worth $2,040,000 after buying an additional 490 shares in the last quarter. Finally, Apriem Advisors increased its stake in Celsius by 3.0% in the fourth quarter. Apriem Advisors now owns 18,149 shares of the company's stock valued at $478,000 after acquiring an additional 525 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

Celsius Stock Performance

Shares of Celsius stock traded up $1.18 on Wednesday, hitting $40.36. 5,138,968 shares of the company's stock were exchanged, compared to its average volume of 8,034,590. The company has a 50-day simple moving average of $36.48 and a 200-day simple moving average of $30.58. The stock has a market capitalization of $10.40 billion, a PE ratio of 91.73, a PEG ratio of 2.90 and a beta of 1.65. Celsius Holdings, Inc. has a 1 year low of $21.10 and a 1 year high of $75.69.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $329.28 million for the quarter, compared to the consensus estimate of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on CELH shares. JPMorgan Chase & Co. upped their price target on shares of Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Truist Financial raised shares of Celsius from a "hold" rating to a "buy" rating and increased their price target for the stock from $35.00 to $45.00 in a research note on Monday, March 31st. Stifel Nicolaus decreased their price target on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $47.00 target price on shares of Celsius in a research note on Thursday, May 29th. Finally, UBS Group raised their target price on shares of Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Celsius has a consensus rating of "Moderate Buy" and an average target price of $47.06.

Insider Activity

In other Celsius news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.