Allspring Global Investments Holdings LLC Has $77.55 Million Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Allspring Global Investments Holdings LLC raised its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 633.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,422,367 shares of the company's stock after acquiring an additional 1,228,560 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.61% of Celsius worth $77,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its position in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in Celsius in the 4th quarter valued at about $25,000. Money Concepts Capital Corp purchased a new position in Celsius in the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust acquired a new position in Celsius in the 2nd quarter valued at $30,000. Finally, Heritage Wealth Advisors purchased a new position in shares of Celsius during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 60,462 shares of the company's stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $33.33, for a total value of $2,015,198.46. Following the completion of the transaction, the insider now owns 31,603,782 shares in the company, valued at approximately $1,053,354,054.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder William H. Milmoe sold 129,658 shares of the firm's 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 completion of the sale, the insider now directly owns 31,413,662 shares in the company, valued at $1,491,834,808.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William H. Milmoe sold 60,462 shares of the business's stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $33.33, for a total value of $2,015,198.46. Following the completion of the transaction, the insider now owns 31,603,782 shares in the company, valued at approximately $1,053,354,054.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,094,783 shares of company stock worth $62,679,671. 2.70% of the stock is currently owned by company insiders.

Celsius Stock Performance

Shares of NASDAQ:CELH traded down $0.17 during midday trading on Wednesday, hitting $84.47. 2,501,032 shares of the company's stock traded hands, compared to its average volume of 4,850,416. The firm's fifty day moving average price is $75.54 and its two-hundred day moving average price is $63.23. Celsius Holdings, Inc. has a twelve month low of $28.10 and a twelve month high of $99.62. The company has a market cap of $19.51 billion, a PE ratio of 109.70, a P/E/G ratio of 2.44 and a beta of 1.86.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Roth Mkm lifted their price objective on Celsius from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Stifel Europe upped their price objective on shares of Celsius from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Maxim Group raised their target price on shares of Celsius from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. Bank of America downgraded shares of Celsius from a "buy" rating to a "neutral" rating and set a $65.00 target price for the company. in a report on Friday, January 19th. Finally, Wedbush increased their price target on shares of Celsius from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $85.10.

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.