Swiss National Bank Boosts Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Swiss National Bank raised its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 327.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 468,900 shares of the company’s stock after buying an additional 359,200 shares during the quarter. Swiss National Bank owned about 0.20% of Celsius worth $25,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moody National Bank Trust Division purchased a new stake in shares of Celsius in the fourth quarter worth about $917,000. Yousif Capital Management LLC boosted its position in shares of Celsius by 197.3% during the 4th quarter. Yousif Capital Management LLC now owns 54,329 shares of the company’s stock valued at $2,962,000 after acquiring an additional 36,057 shares during the last quarter. Kercheville Advisors LLC purchased a new position in shares of Celsius in the fourth quarter valued at $851,000. Qube Research & Technologies Ltd increased its position in Celsius by 761.1% in the third quarter. Qube Research & Technologies Ltd now owns 190,048 shares of the company’s stock worth $32,612,000 after purchasing an additional 167,977 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Celsius by 190.0% during the fourth quarter. Arizona State Retirement System now owns 41,209 shares of the company’s stock valued at $2,247,000 after purchasing an additional 26,998 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

CELH has been the topic of a number of research reports. Stifel Europe boosted their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Jefferies Financial Group raised their price objective on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Morgan Stanley restated an “equal weight” rating and set a $75.00 price target on shares of Celsius in a report on Wednesday, March 27th. Maxim Group lifted their price objective on shares of Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Stifel Nicolaus reduced their target price on shares of Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and twelve have issued 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 $84.95.

Celsius Stock Performance

Celsius stock opened at $77.13 on Thursday. Celsius Holdings, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $99.62. The company has a market capitalization of $17.82 billion, a PE ratio of 100.17, a P/E/G ratio of 2.22 and a beta of 1.93. The company has a 50 day moving average price of $81.42 and a 200-day moving average price of $65.97.

Celsius (NASDAQ:CELH) last issued its earnings results 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. The business had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. Celsius’s revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. On average, analysts forecast that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the sale, the insider now owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Nicholas Castaldo sold 165,000 shares of Celsius stock in a transaction on Monday, March 4th. The stock was sold at an average price of $83.33, for a total value of $13,749,450.00. Following the transaction, the director now directly owns 352,864 shares in the company, valued at approximately $29,404,157.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction 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 owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The disclosure for this sale can be found here. Insiders have sold a total of 2,043,363 shares of company stock worth $131,361,140 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Celsius Company 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.