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

Vontobel Holding Ltd. reduced its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,239 shares of the company’s stock after selling 11,908 shares during the period. Vontobel Holding Ltd.’s holdings in Celsius were worth $928,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. 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 worth $36,000 after buying an additional 378 shares in the last quarter. Activest Wealth Management purchased a new stake in Celsius during the 3rd quarter worth approximately $39,000. 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 worth $42,000 after buying an additional 549 shares in the last quarter. S.A. Mason LLC increased its stake in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after buying an additional 700 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after buying an additional 1,114 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CELH has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. B. Riley dropped their price target on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Roth Mkm dropped their price target on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Piper Sandler dropped their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $29.00 in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.56.

Celsius Stock Up 1.8 %

NASDAQ:CELH opened at $22.74 on Wednesday. The stock’s fifty day moving average is $26.36 and its two-hundred day moving average is $30.64. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by 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.