Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,885 shares of the company's stock after selling 6,881 shares during the period. Prudential Financial Inc.'s holdings in Celsius were worth $208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Celsius by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock worth $416,517,000 after buying an additional 345,837 shares during the period. LPL Financial LLC boosted its holdings in Celsius by 10.4% in the fourth quarter. LPL Financial LLC now owns 318,061 shares of the company's stock valued at $8,378,000 after purchasing an additional 29,879 shares during the period. Fox Run Management L.L.C. raised its position in Celsius by 45.0% in the 4th quarter. Fox Run Management L.L.C. now owns 10,399 shares of the company's stock valued at $274,000 after purchasing an additional 3,227 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Celsius in the fourth quarter worth approximately $811,000. Finally, Sei Investments Co. increased its holdings in shares of Celsius by 32.0% in the 4th quarter. Sei Investments Co. now owns 138,923 shares of the company's stock valued at $3,659,000 after acquiring an additional 33,665 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CELH has been the topic of a number of recent analyst reports. Piper Sandler dropped their target price on shares of Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Truist Financial upgraded shares of Celsius from a "hold" rating to a "buy" rating and lifted their price target for the company from $35.00 to $45.00 in a research report on Monday, March 31st. LADENBURG THALM/SH SH decreased their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. UBS Group lowered their price objective on shares of Celsius from $45.00 to $39.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, B. Riley restated a "buy" rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Celsius currently has an average rating of "Moderate Buy" and an average target price of $45.29.

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Insiders Place Their Bets

In related news, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joyce Russell sold 4,000 shares of the firm's stock in a transaction that occurred 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 owns 19,106 shares of the company's stock, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Celsius Stock Performance

Shares of NASDAQ:CELH traded down $0.26 during trading on Tuesday, reaching $37.08. 5,395,829 shares of the stock were exchanged, compared to its average volume of 7,708,657. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 84.27, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $98.85. The firm's 50-day moving average price is $29.72 and its 200 day moving average price is $29.08.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $332.20 million during the quarter, compared to analysts' expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, equities research analysts forecast that Celsius Holdings, Inc. will post 0.89 EPS for the current 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.