Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by Future Fund LLC

Future Fund LLC cut its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 32.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,317 shares of the company’s stock after selling 4,014 shares during the quarter. Celsius accounts for approximately 0.8% of Future Fund LLC’s holdings, making the stock its 28th biggest position. Future Fund LLC’s holdings in Celsius were worth $262,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Celsius by 18.7% in the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after acquiring an additional 2,567,290 shares during the period. Capital International Investors lifted its holdings in Celsius by 50.6% in the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after acquiring an additional 1,333,217 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares during the period. Bank of New York Mellon Corp lifted its holdings in Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after acquiring an additional 790,014 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Celsius by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock valued at $232,365,000 after acquiring an additional 9,054 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.

Celsius Trading Down 1.6 %

Shares of NASDAQ:CELH opened at $26.96 on Wednesday. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 3.11 and a beta of 1.86. Celsius Holdings, Inc. has a 12-month low of $25.77 and a 12-month high of $99.62. The stock’s 50-day moving average price is $31.94 and its two-hundred day moving average price is $50.61.

Analyst Upgrades and Downgrades

A number of research firms have commented on CELH. LADENBURG THALM/SH SH reduced their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. TD Cowen dropped their price target on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. 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. Finally, Maxim Group dropped their price target on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.40.

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.