Celsius Holdings, Inc. (NASDAQ:CELH) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 403.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,753 shares of the company’s stock after acquiring an additional 25,443 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Celsius were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its holdings in Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 135 shares during the period. Contravisory Investment Management Inc. purchased a new stake in shares of Celsius during the fourth quarter worth approximately $25,000. Cambridge Trust Co. increased its stake in shares of Celsius by 280.0% during the fourth quarter. Cambridge Trust Co. now owns 570 shares of the company’s stock worth $31,000 after buying an additional 420 shares during the period. Heritage Wealth Advisors purchased a new stake in shares of Celsius during the third quarter worth approximately $32,000. Finally, Salem Investment Counselors Inc. acquired a new position in Celsius in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Price Performance

NASDAQ CELH opened at $95.96 on Wednesday. The firm has a market capitalization of $22.37 billion, a P/E ratio of 105.45, a P/E/G ratio of 2.68 and a beta of 1.93. Celsius Holdings, Inc. has a 1-year low of $40.87 and a 1-year high of $99.62. The business’s 50-day simple moving average is $82.07 and its 200-day simple moving average is $68.08.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. The business had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The company’s revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. On average, equities research analysts expect that Celsius Holdings, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of research analyst reports. Piper Sandler upped their price target on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Roth Mkm upped their price target on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Celsius in a research report on Friday, May 3rd. Maxim Group increased their price objective on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $75.00 price objective on shares of Celsius in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.36.

Insider Activity at Celsius

In related news, Director Nicholas Castaldo sold 165,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the sale, the director now directly owns 352,864 shares in the company, valued at approximately $29,404,157.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Celsius news, CMO Kyle Audrey Watson sold 40,000 shares of Celsius stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $89.17, for a total transaction of $3,566,800.00. Following the sale, the chief marketing officer now directly owns 75,060 shares in the company, valued at approximately $6,693,100.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nicholas Castaldo sold 165,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $83.33, for a total value of $13,749,450.00. Following the sale, the director now owns 352,864 shares in the company, valued at $29,404,157.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,101,696 shares of company stock worth $136,706,859. 2.20% of the stock is currently owned by company insiders.

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.