Los Angeles Capital Management LLC Buys 10,508 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Los Angeles Capital Management LLC grew its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,185 shares of the company's stock after purchasing an additional 10,508 shares during the period. Los Angeles Capital Management LLC owned approximately 0.07% of Celsius worth $9,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CELH. Vanguard Group Inc. increased its stake in Celsius by 18.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company's stock worth $831,676,000 after purchasing an additional 762,087 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Celsius by 633.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,422,367 shares of the company's stock valued at $77,547,000 after acquiring an additional 1,228,560 shares during the period. Victory Capital Management Inc. lifted its position in shares of Celsius by 622.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,328,487 shares of the company's stock valued at $72,429,000 after acquiring an additional 1,144,626 shares in the last quarter. Invesco Ltd. boosted its stake in Celsius by 5.7% in the 3rd quarter. Invesco Ltd. now owns 1,167,995 shares of the company's stock worth $200,428,000 after purchasing an additional 62,483 shares during the period. Finally, Braun Stacey Associates Inc. grew its position in Celsius by 5.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 671,588 shares of the company's stock worth $36,615,000 after purchasing an additional 36,725 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wedbush reaffirmed an "outperform" rating and issued a $100.00 target price on shares of Celsius in a research report on Friday. Stifel Europe lifted their target price on Celsius from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Bank of America lowered shares of Celsius from a "buy" rating to a "neutral" rating and set a $65.00 price target for the company. in a research report on Friday, January 19th. Jefferies Financial Group upped their price objective on shares of Celsius from $98.00 to $105.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Finally, UBS Group lifted their target price on shares of Celsius from $73.00 to $99.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $85.45.

View Our Latest Report on Celsius

Celsius Trading Up 2.1 %

Celsius stock traded up $1.59 during trading hours on Friday, reaching $75.97. 4,214,836 shares of the company were exchanged, compared to its average volume of 3,531,141. Celsius Holdings, Inc. has a 12 month low of $32.99 and a 12 month high of $99.62. The stock has a 50-day moving average of $80.79 and a 200 day moving average of $65.52. The firm has a market cap of $17.55 billion, a price-to-earnings ratio of 98.24, a PEG ratio of 2.22 and a beta of 1.93.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. Celsius's quarterly revenue was up 95.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. As a group, research analysts forecast that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Insider Transactions at Celsius

In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of Celsius stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total value of $9,575,000.00. Following the transaction, the insider now directly owns 219,257 shares of the company's stock, valued at approximately $20,993,857.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the sale, the insider now directly owns 25,035,885 shares of the company's stock, valued at $1,493,891,257.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Dean Desantis sold 100,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total value of $9,575,000.00. Following the completion of the transaction, the insider now directly owns 219,257 shares of the company's stock, valued at approximately $20,993,857.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,186,215 shares of company stock worth $80,215,119. Company 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.

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