BlackRock Inc. Has $451.03 Million Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Posted by Defense World Staff on Mar 9th, 2023

BlackRock Inc. decreased its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,973,801 shares of the company’s stock after selling 1,527,537 shares during the quarter. BlackRock Inc. owned approximately 6.53% of Celsius worth $451,026,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in shares of Celsius by 224.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 311 shares of the company’s stock worth $28,000 after buying an additional 215 shares during the period. Quadrant Capital Group LLC grew its holdings in Celsius by 437.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 457 shares of the company’s stock worth $41,000 after acquiring an additional 372 shares during the period. Wipfli Financial Advisors LLC bought a new stake in shares of Celsius during the 3rd quarter valued at $42,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Celsius in the 2nd quarter valued at $44,000. Finally, James Investment Research Inc. acquired a new position in shares of Celsius in the 3rd quarter valued at $54,000. 67.50% of the stock is currently owned by institutional investors.

Celsius Stock Performance

Shares of CELH stock opened at $88.21 on Thursday. Celsius Holdings, Inc. has a 52 week low of $38.31 and a 52 week high of $122.24. The company’s 50 day moving average price is $97.95 and its two-hundred day moving average price is $98.47. The company has a market capitalization of $6.77 billion, a P/E ratio of -33.67 and a beta of 1.85.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 30,000 shares of the business’s stock in a transaction on Friday, January 13th. The shares were sold at an average price of $107.30, for a total value of $3,219,000.00. Following the sale, the insider now directly owns 64,415 shares of the company’s stock, valued at approximately $6,911,729.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Hoi Shuen Solina Holly Chau sold 554,017 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $90.25, for a total transaction of $50,000,034.25. Following the completion of the transaction, the insider now directly owns 8,846,232 shares of the company’s stock, valued at approximately $798,372,438. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 30,000 shares of Celsius stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of $107.30, for a total transaction of $3,219,000.00. Following the completion of the sale, the insider now owns 64,415 shares in the company, valued at $6,911,729.50. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. TheStreet upgraded Celsius from a “d+” rating to a “c” rating in a report on Friday, December 9th. Wedbush raised Celsius from a “neutral” rating to an “outperform” rating in a research note on Monday, February 6th. UBS Group reduced their price objective on shares of Celsius from $129.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, March 2nd. B. Riley upped their target price on shares of Celsius from $130.00 to $140.00 in a research note on Thursday, November 10th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $120.00 target price on shares of Celsius in a report on Monday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.88.

Celsius Profile

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Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.