Celsius Holdings Inc. $CELH Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its holdings in Celsius Holdings Inc. (NASDAQ:CELH) by 274.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,338 shares of the company’s stock after purchasing an additional 15,645 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Celsius were worth $990,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CELH. Alliancebernstein L.P. raised its holdings in shares of Celsius by 26.3% during the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company’s stock valued at $642,769,000 after acquiring an additional 3,753,055 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Celsius during the first quarter valued at approximately $39,412,000. Lord Abbett & CO. LLC acquired a new position in shares of Celsius during the first quarter valued at approximately $36,511,000. Assenagon Asset Management S.A. raised its holdings in shares of Celsius by 9,579.6% during the second quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company’s stock valued at $38,451,000 after acquiring an additional 820,297 shares during the last quarter. Finally, Broad Bay Capital Management LP acquired a new position in shares of Celsius during the first quarter valued at approximately $24,374,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Needham & Company LLC increased their target price on Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 5th. Morgan Stanley set a $70.00 target price on Celsius in a report on Tuesday, September 30th. Truist Financial increased their target price on Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a report on Monday, September 8th. The Goldman Sachs Group began coverage on Celsius in a report on Thursday, September 11th. They set a “buy” rating and a $72.00 target price for the company. Finally, Stifel Nicolaus increased their price target on Celsius from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday. Nineteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.45.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 100,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the transaction, the insider directly owned 17,717,770 shares in the company, valued at approximately $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Fieldly sold 143,167 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $7,327,287.06. Following the completion of the transaction, the chief executive officer owned 895,410 shares of the company’s stock, valued at $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 605,667 shares of company stock valued at $30,065,162 in the last ninety days. Company insiders own 2.55% of the company’s stock.

Celsius Price Performance

NASDAQ:CELH opened at $63.35 on Friday. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $66.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The stock has a market cap of $16.34 billion, a PE ratio of 171.22, a P/E/G ratio of 1.26 and a beta of 1.38. The stock has a 50 day moving average price of $59.26 and a 200 day moving average price of $47.80.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. The company had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm’s revenue for the quarter was up 83.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. Equities research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Celsius 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.