Bessemer Group Inc. Purchases 50,670 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Bessemer Group Inc. raised its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 38,976.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,800 shares of the company's stock after acquiring an additional 50,670 shares during the period. Bessemer Group Inc.'s holdings in Celsius were worth $1,338,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in 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 acquiring an additional 345,837 shares in the last quarter. Alliancebernstein L.P. increased its position in Celsius by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock worth $376,455,000 after purchasing an additional 1,444,020 shares during the period. FMR LLC raised its stake in shares of Celsius by 64.2% during the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock worth $106,813,000 after buying an additional 1,585,839 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Celsius by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company's stock valued at $93,928,000 after purchasing an additional 104,896 shares during the period. Finally, Contrarius Group Holdings Ltd acquired a new position in Celsius in the fourth quarter valued at about $75,535,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company's stock, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

CELH has been the topic of a number of recent analyst reports. Morgan Stanley reissued an "equal weight" rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Roth Mkm reissued a "buy" rating and issued a $38.00 price target on shares of Celsius in a research note on Friday, February 21st. Truist Financial raised Celsius from a "hold" rating to a "buy" rating and lifted their target price for the company from $35.00 to $45.00 in a research report on Monday, March 31st. TD Cowen cut shares of Celsius from a "buy" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC increased their target price on shares of Celsius from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.47.

Celsius Stock Performance

Shares of NASDAQ CELH traded up $0.58 during midday trading on Friday, reaching $37.24. The company's stock had a trading volume of 4,891,721 shares, compared to its average volume of 7,722,027. The company has a market cap of $9.60 billion, a P/E ratio of 84.64, a P/E/G ratio of 2.90 and a beta of 1.58. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $98.85. The business's 50 day moving average price is $30.62 and its two-hundred day moving average price is $29.23.

Celsius (NASDAQ:CELH - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Celsius Company 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.