Vontobel Holding Ltd. Cuts Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Vontobel Holding Ltd. trimmed its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,239 shares of the company's stock after selling 11,908 shares during the quarter. Vontobel Holding Ltd.'s holdings in Celsius were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CELH. Creative Planning increased its stake in shares of Celsius by 41.7% in the 3rd quarter. Creative Planning now owns 30,460 shares of the company's stock worth $955,000 after acquiring an additional 8,966 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Celsius in the 3rd quarter worth about $72,000. Blue Trust Inc. increased its stake in Celsius by 69.0% during the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company's stock valued at $42,000 after purchasing an additional 549 shares in the last quarter. Raymond James & Associates increased its stake in Celsius by 9.4% during the 3rd quarter. Raymond James & Associates now owns 217,809 shares of the company's stock valued at $6,830,000 after purchasing an additional 18,686 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company's stock valued at $36,000 after purchasing an additional 378 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CELH. TD Cowen lowered shares of Celsius from a "buy" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. began coverage on shares of Celsius in a research note on Thursday, December 12th. They set an "overweight" rating and a $37.00 price objective for the company. UBS Group reduced their price objective on shares of Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Roth Mkm reiterated a "buy" rating and issued a $38.00 price target on shares of Celsius in a research note on Friday. Finally, Piper Sandler reduced their price target on shares of Celsius from $47.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Celsius presently has an average rating of "Moderate Buy" and a consensus price target of $47.67.

Celsius Stock Up 27.8 %

Shares of Celsius stock traded up $7.09 during midday trading on Friday, hitting $32.62. The company had a trading volume of 62,307,510 shares, compared to its average volume of 9,298,918. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 74.14, a PEG ratio of 2.90 and a beta of 1.78. The company has a fifty day simple moving average of $26.00 and a 200 day simple moving average of $30.43. Celsius Holdings, Inc. has a 12-month low of $21.10 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. As a group, analysts expect 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.