DAVENPORT & Co LLC Purchases 15,372 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

DAVENPORT & Co LLC lifted its stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 254.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,405 shares of the company's stock after acquiring an additional 15,372 shares during the quarter. DAVENPORT & Co LLC's holdings in Celsius were worth $1,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cary Street Partners Investment Advisory LLC increased its position in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock worth $25,000 after buying an additional 135 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Celsius in the fourth quarter valued at approximately $25,000. Money Concepts Capital Corp acquired a new position in shares of Celsius in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust acquired a new position in shares of Celsius in the second quarter valued at approximately $30,000. Finally, Heritage Wealth Advisors acquired a new position in shares of Celsius in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Insiders Place Their Bets

In other Celsius news, Director Caroline S. Levy sold 20,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the completion of the sale, the director now directly owns 37,891 shares in the company, valued at approximately $3,590,930.07. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Caroline S. Levy sold 20,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the transaction, the director now owns 37,891 shares of the company's stock, valued at approximately $3,590,930.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder William H. Milmoe sold 129,658 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $47.49, for a total transaction of $6,157,458.42. Following the transaction, the insider now directly owns 31,413,662 shares in the company, valued at approximately $1,491,834,808.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,094,783 shares of company stock worth $62,679,671. Company insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

CELH has been the topic of several research reports. UBS Group upped their target price on Celsius from $73.00 to $99.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Wedbush boosted their price target on Celsius from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday, March 4th. Roth Mkm upped their target price on Celsius from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, March 14th. Bank of America cut Celsius from a "buy" rating to a "neutral" rating and set a $65.00 target price for the company. in a research note on Friday, January 19th. Finally, Jefferies Financial Group upped their target price on Celsius from $98.00 to $105.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.10.

Celsius Price Performance

NASDAQ CELH traded down $0.14 on Monday, reaching $83.80. The company had a trading volume of 2,474,719 shares, compared to its average volume of 4,913,733. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of 108.36, a P/E/G ratio of 2.45 and a beta of 1.86. Celsius Holdings, Inc. has a fifty-two week low of $28.08 and a fifty-two week high of $99.62. The business has a 50 day moving average of $74.87 and a two-hundred day moving average of $63.03.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. During the same period last year, the business posted $0.01 EPS. The business's revenue was up 95.2% compared to the same quarter last year. As a group, research analysts predict that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

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.