Swedbank AB Boosts Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Swedbank AB lifted its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 49.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,507 shares of the company’s stock after buying an additional 3,818 shares during the quarter. Swedbank AB’s holdings in Celsius were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CELH. S.A. Mason LLC purchased a new stake in shares of Celsius during the second quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Celsius during the third quarter worth about $34,000. Signaturefd LLC grew its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after buying an additional 505 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Stock Up 2.8 %

CELH opened at $28.37 on Thursday. The firm has a market capitalization of $6.67 billion, a P/E ratio of 39.40, a P/E/G ratio of 3.42 and a beta of 1.86. The firm’s 50 day moving average is $30.55 and its 200-day moving average is $46.71. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Bank of America decreased their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Jefferies Financial Group decreased their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. TD Cowen decreased their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Maxim Group decreased their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Truist Financial raised their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.40.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.