RiverPark Advisors LLC Increases Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

RiverPark Advisors LLC increased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 200.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,870 shares of the company’s stock after acquiring an additional 3,250 shares during the quarter. RiverPark Advisors LLC’s holdings in Celsius were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CELH. Lido Advisors LLC lifted its position in Celsius by 8.9% during the third quarter. Lido Advisors LLC now owns 2,506 shares of the company’s stock valued at $430,000 after buying an additional 205 shares during the period. Schroder Investment Management Group increased its holdings in shares of Celsius by 86.4% during the third quarter. Schroder Investment Management Group now owns 71,148 shares of the company’s stock valued at $12,209,000 after acquiring an additional 32,979 shares in the last quarter. Toroso Investments LLC increased its holdings in shares of Celsius by 224.6% during the third quarter. Toroso Investments LLC now owns 5,444 shares of the company’s stock valued at $934,000 after acquiring an additional 3,767 shares in the last quarter. Braun Stacey Associates Inc. increased its holdings in shares of Celsius by 192.5% during the third quarter. Braun Stacey Associates Inc. now owns 634,863 shares of the company’s stock valued at $108,942,000 after acquiring an additional 417,825 shares in the last quarter. Finally, USA Financial Formulas bought a new position in shares of Celsius during the third quarter valued at $90,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CELH shares. Truist Financial started coverage on Celsius in a report on Tuesday, June 25th. They set a “hold” rating and a $60.00 price target for the company. Jefferies Financial Group reduced their price objective on Celsius from $104.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Stifel Europe lifted their price objective on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Wedbush reduced their price objective on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Finally, UBS Group reduced their price objective on Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.82.

Insider Activity

In related news, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the transaction, the insider now directly owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder William H. Milmoe sold 428,574 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares of the company’s stock, valued at approximately $1,429,958,731.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the sale, the insider now directly owns 25,464,453 shares in the company, valued at $1,519,463,910.51. The disclosure for this sale can be found here. Insiders have sold a total of 1,776,696 shares of company stock valued at $107,920,209 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Celsius Stock Down 0.9 %

Shares of Celsius stock traded down $0.51 during trading hours on Tuesday, reaching $55.55. 9,707,510 shares of the stock traded hands, compared to its average volume of 5,009,078. Celsius Holdings, Inc. has a one year low of $45.03 and a one year high of $99.62. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 61.04, a P/E/G ratio of 1.65 and a beta of 1.90. The company has a 50 day moving average price of $73.22 and a 200 day moving average price of $70.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 36.9% on a year-over-year basis. Sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.07 earnings per share for the current year.

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.