BNP Paribas Financial Markets Boosts Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

BNP Paribas Financial Markets increased its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELHFree Report) by 136.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,619 shares of the company’s stock after purchasing an additional 217,441 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.16% of Celsius worth $20,533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CELH. Cary Street Partners Investment Advisory LLC grew its stake in Celsius by 1,350.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after buying an additional 135 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Celsius during the fourth quarter valued at about $25,000. Cambridge Trust Co. boosted its stake in Celsius by 280.0% in the 4th quarter. Cambridge Trust Co. now owns 570 shares of the company’s stock worth $31,000 after purchasing an additional 420 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in Celsius during the 3rd quarter worth approximately $32,000. Finally, Salem Investment Counselors Inc. acquired a new position in Celsius during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

CELH has been the subject of a number of research analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $75.00 target price on shares of Celsius in a research note on Wednesday, March 27th. Roth Mkm raised their price objective on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. UBS Group cut their price target on shares of Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Piper Sandler lifted their price objective on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group increased their price objective on shares of Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.36.

Read Our Latest Report on CELH

Celsius Price Performance

Celsius stock opened at $91.54 on Wednesday. Celsius Holdings, Inc. has a 12 month low of $40.87 and a 12 month high of $99.62. The stock has a market capitalization of $21.34 billion, a PE ratio of 100.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.93. The business has a 50 day simple moving average of $81.59 and a 200-day simple moving average of $66.92.

Celsius (NASDAQ:CELHGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. On average, equities research analysts anticipate that Celsius Holdings, Inc. will post 1.1 EPS for the current fiscal year.

Insider Transactions at Celsius

In other Celsius news, insider Paul H. Storey sold 1,833 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total value of $138,263.19. Following the completion of the sale, the insider now owns 41,044 shares in the company, valued at approximately $3,095,948.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Celsius news, insider Paul H. Storey sold 1,833 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total value of $138,263.19. Following the completion of the sale, the insider now directly owns 41,044 shares in the company, valued at approximately $3,095,948.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,045,196 shares of company stock valued at $131,499,404. Corporate insiders own 2.20% of the company’s stock.

Celsius Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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