Geode Capital Management LLC Raises Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Geode Capital Management LLC lifted its position in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,000,805 shares of the company's stock after buying an additional 104,896 shares during the quarter. Geode Capital Management LLC owned approximately 1.28% of Celsius worth $93,928,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. M&T Bank Corp grew its stake in shares of Celsius by 49.3% in the third quarter. M&T Bank Corp now owns 30,765 shares of the company's stock worth $965,000 after acquiring an additional 10,159 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Celsius during the 3rd quarter worth approximately $301,000. XTX Topco Ltd raised its holdings in shares of Celsius by 119.8% in the 3rd quarter. XTX Topco Ltd now owns 21,431 shares of the company's stock valued at $672,000 after purchasing an additional 11,681 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in shares of Celsius during the third quarter worth $2,772,000. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Celsius by 993.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company's stock worth $37,033,000 after buying an additional 1,072,859 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Trading Down 3.3 %

Shares of CELH stock traded down $0.93 during trading hours on Friday, hitting $27.01. The company's stock had a trading volume of 8,721,973 shares, compared to its average volume of 6,273,291. The business has a fifty day moving average of $29.78 and a 200-day moving average of $39.96. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 37.51, a P/E/G ratio of 3.44 and a beta of 1.76. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CELH has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research report on Thursday, December 12th. They set a "hold" rating and a $32.00 price objective for the company. Roth Mkm reduced their price target on shares of Celsius from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Monday. B. Riley decreased their target price on shares of Celsius from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Jefferies Financial Group decreased their price objective on Celsius from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Morgan Stanley cut their price target on Celsius from $46.00 to $42.00 and set an "equal weight" rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Celsius presently has an average 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.