Bedell Frazier Investment Counselling LLC Grows Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Bedell Frazier Investment Counselling LLC increased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 76.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,834 shares of the company’s stock after buying an additional 33,253 shares during the quarter. Bedell Frazier Investment Counselling LLC’s holdings in Celsius were worth $2,024,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its stake in Celsius by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after buying an additional 400 shares in the last quarter. Blue Trust Inc. grew its position in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Celsius by 14.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock valued at $99,000 after purchasing an additional 459 shares during the period. Apriem Advisors lifted its holdings in Celsius by 3.0% in the 4th quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after purchasing an additional 525 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Celsius Trading Down 4.3 %

NASDAQ CELH opened at $33.65 on Monday. The stock has a market cap of $7.91 billion, a PE ratio of 76.48, a PEG ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a 12 month low of $21.10 and a 12 month high of $98.85. The company’s 50-day moving average price is $26.86 and its 200-day moving average price is $28.77.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, sell-side analysts forecast that Celsius Holdings, Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on CELH shares. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. JPMorgan Chase & Co. started coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Piper Sandler dropped their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH reduced their price objective on Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.41.

Insider Buying and Selling at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

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.