Xponance Inc. Purchases 20,252 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Xponance Inc. boosted its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 186.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,113 shares of the company’s stock after acquiring an additional 20,252 shares during the quarter. Xponance Inc.’s holdings in Celsius were worth $1,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CELH. National Bank of Canada FI increased its stake in Celsius by 52.3% in the third quarter. National Bank of Canada FI now owns 489 shares of the company’s stock valued at $85,000 after acquiring an additional 168 shares during the last quarter. CWM LLC boosted its position in Celsius by 100.6% in the third quarter. CWM LLC now owns 1,015 shares of the company’s stock valued at $174,000 after buying an additional 509 shares in the last quarter. SG Americas Securities LLC boosted its position in Celsius by 191.3% in the third quarter. SG Americas Securities LLC now owns 16,167 shares of the company’s stock valued at $2,774,000 after buying an additional 10,618 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Celsius by 16.0% in the third quarter. State of Alaska Department of Revenue now owns 5,848 shares of the company’s stock valued at $1,003,000 after buying an additional 805 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Celsius in the third quarter valued at approximately $357,000. 60.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Deborah Desantis sold 127,838 shares of Celsius stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $42.90, for a total transaction of $5,484,250.20. Following the completion of the transaction, the insider now owns 30,576,919 shares of the company’s stock, valued at $1,311,749,825.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of Celsius stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total value of $9,575,000.00. Following the completion of the sale, the insider now directly owns 219,257 shares of the company’s stock, valued at $20,993,857.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Deborah Desantis sold 127,838 shares of Celsius stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $42.90, for a total transaction of $5,484,250.20. Following the completion of the sale, the insider now directly owns 30,576,919 shares of the company’s stock, valued at $1,311,749,825.10. The disclosure for this sale can be found here. Insiders sold 780,433 shares of company stock valued at $49,149,715 over the last quarter. Insiders own 2.20% of the company’s stock.

Celsius Stock Up 3.2 %

Shares of NASDAQ CELH opened at $72.03 on Wednesday. Celsius Holdings, Inc. has a twelve month low of $29.91 and a twelve month high of $99.62. The firm has a fifty day simple moving average of $79.25 and a 200 day simple moving average of $64.58. The company has a market capitalization of $16.64 billion, a PE ratio of 93.14, a P/E/G ratio of 2.01 and a beta of 1.86.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. During the same quarter last year, the firm earned $0.01 earnings per share. Celsius’s quarterly revenue was up 95.2% on a year-over-year basis. As a group, equities analysts expect that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CELH has been the topic of a number of research analyst reports. Wedbush raised their target price on shares of Celsius from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Piper Sandler raised their target price on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Stifel Europe raised their target price on shares of Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Maxim Group lifted their price target on shares of Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Bank of America lowered shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.10.

About Celsius

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.