Wellington Management Group LLP Has $40.47 Million Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Wellington Management Group LLP lessened its holdings in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 47.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,536,493 shares of the company's stock after selling 1,414,258 shares during the quarter. Wellington Management Group LLP owned 0.65% of Celsius worth $40,471,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. HM Payson & Co. grew its position in shares of Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after acquiring an additional 550 shares during the period. S.A. Mason LLC grew its holdings in Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after purchasing an additional 700 shares during the period. GAMMA Investing LLC raised its stake in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after buying an additional 1,114 shares during the period. Blue Trust Inc. lifted its position in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after buying an additional 441 shares during the last quarter. Finally, Knuff & Co LLC bought a new position in shares of Celsius during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CELH shares. Needham & Company LLC lifted their price objective on shares of Celsius from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday. Stifel Nicolaus decreased their price target on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. TD Cowen downgraded shares of Celsius from a "buy" rating to a "hold" rating and cut their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Jefferies Financial Group decreased their target price on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Finally, Piper Sandler dropped their price target on Celsius from $47.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.29.

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Insider Buying and Selling at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now directly owns 45,297 shares of the company's stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % 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.

Celsius Price Performance

CELH stock traded up $0.76 during midday trading on Friday, reaching $37.29. 5,453,778 shares of the stock were exchanged, compared to its average volume of 7,712,481. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $98.85. The company has a fifty day moving average price of $29.42 and a 200 day moving average price of $29.06. The stock has a market capitalization of $8.77 billion, a PE ratio of 84.75, a P/E/G ratio of 2.90 and a beta of 1.58.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $326.07 million. As a group, analysts anticipate 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.