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

Alliancebernstein L.P. grew its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,292,123 shares of the company’s stock after buying an additional 1,444,020 shares during the quarter. Alliancebernstein L.P. owned 0.06% of Celsius worth $376,455,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Celsius by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock worth $416,517,000 after acquiring an additional 345,837 shares during the period. State Street Corp boosted its holdings in Celsius by 3.2% in the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after buying an additional 165,329 shares during the last quarter. Geode Capital Management LLC increased its stake in Celsius by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after buying an additional 104,896 shares in the last quarter. Contrarius Group Holdings Ltd acquired a new position in shares of Celsius during the fourth quarter valued at approximately $75,535,000. Finally, Norges Bank purchased a new position in shares of Celsius in the fourth quarter valued at approximately $72,579,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CELH has been the subject of several recent research reports. UBS Group reduced their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Morgan Stanley restated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Roth Mkm reiterated a “buy” rating and issued a $38.00 price objective on shares of Celsius in a report on Friday, February 21st. Finally, Needham & Company LLC boosted their target price on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Celsius Price Performance

NASDAQ CELH opened at $35.62 on Tuesday. The stock has a market capitalization of $8.38 billion, a P/E ratio of 80.96, a PEG ratio of 2.90 and a beta of 1.90. The firm’s 50-day moving average is $27.03 and its two-hundred day moving average is $28.79. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS 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 firm had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. As a group, analysts anticipate that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Insider Transactions at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

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.