Franklin Resources Inc. Sells 600,773 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Franklin Resources Inc. trimmed its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 42.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 816,761 shares of the company's stock after selling 600,773 shares during the period. Franklin Resources Inc. owned approximately 0.35% of Celsius worth $28,440,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company's stock valued at $43,317,000 after buying an additional 221,833 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Celsius by 169.8% during the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company's stock valued at $893,000 after acquiring an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. raised its position in shares of Celsius by 17.1% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company's stock worth $5,442,000 after purchasing an additional 25,315 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company's stock worth $1,479,000 after purchasing an additional 22,786 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Celsius during the 3rd quarter valued at about $2,772,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares of the company's stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company's stock.

Celsius Trading Up 3.1 %

NASDAQ CELH traded up $0.85 on Thursday, hitting $27.94. 9,328,328 shares of the company traded hands, compared to its average volume of 6,263,216. The business's 50 day moving average price is $30.03 and its 200-day moving average price is $40.38. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 38.81, a P/E/G ratio of 3.44 and a beta of 1.76.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CELH shares. Bank of America decreased their target price on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating for the company in a report on Thursday, September 5th. Maxim Group lowered their price objective on Celsius from $65.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, September 5th. Truist Financial increased their target price on Celsius from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Piper Sandler lowered their price target on Celsius from $50.00 to $47.00 and set an "overweight" rating on the stock in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. initiated coverage on Celsius in a report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.28.

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.