Alliancebernstein L.P. Grows Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Alliancebernstein L.P. increased its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 11.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,292,123 shares of the company’s stock after buying an additional 1,444,020 shares during the period. Alliancebernstein L.P. owned 6.08% of Celsius worth $376,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bedell Frazier Investment Counselling LLC lifted its stake in shares of Celsius by 76.3% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 76,834 shares of the company’s stock worth $2,024,000 after buying an additional 33,253 shares in the last quarter. Schroder Investment Management Group raised its holdings in Celsius by 133.4% in the 4th quarter. Schroder Investment Management Group now owns 431,741 shares of the company’s stock worth $11,372,000 after acquiring an additional 246,744 shares during the last quarter. Maridea Wealth Management LLC bought a new position in Celsius in the 4th quarter valued at approximately $311,000. Norges Bank purchased a new stake in Celsius during the 4th quarter valued at $72,579,000. Finally, Blair William & Co. IL increased its holdings in shares of Celsius by 24.9% in the 4th quarter. Blair William & Co. IL now owns 42,099 shares of the company’s stock worth $1,109,000 after purchasing an additional 8,398 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CELH shares. Roth Mkm reaffirmed a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. B. Riley reiterated a “buy” rating and issued a $49.00 price target (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. Jefferies Financial Group decreased their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Truist Financial upgraded Celsius from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $45.00 in a research note on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Celsius Stock Performance

Shares of CELH opened at $35.62 on Tuesday. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $98.85. The stock has a market cap of $8.38 billion, a P/E ratio of 80.96, a P/E/G ratio of 2.90 and a beta of 1.90. The stock has a 50-day moving average of $27.03 and a two-hundred day moving average of $28.79.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. Analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

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.