Simplicity Solutions LLC Acquires 4,151 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Simplicity Solutions LLC increased its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 29.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,342 shares of the company’s stock after purchasing an additional 4,151 shares during the period. Simplicity Solutions LLC’s holdings in Celsius were worth $1,000,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Quarry LP boosted its stake in Celsius by 27.9% in the second quarter. Quarry LP now owns 266 shares of the company’s stock valued at $40,000 after acquiring an additional 58 shares in the last quarter. Advisor Partners II LLC boosted its stake in Celsius by 4.9% in the third quarter. Advisor Partners II LLC now owns 1,858 shares of the company’s stock valued at $319,000 after acquiring an additional 87 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Celsius by 19.0% in the third quarter. Fifth Third Bancorp now owns 551 shares of the company’s stock worth $95,000 after buying an additional 88 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Celsius by 1.0% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 9,999 shares of the company’s stock worth $1,716,000 after buying an additional 100 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of Celsius by 85.7% in the second quarter. Stephens Inc. AR now owns 234 shares of the company’s stock worth $35,000 after buying an additional 108 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Performance

CELH stock opened at $72.52 on Wednesday. The firm has a market cap of $16.75 billion, a PE ratio of 93.78, a P/E/G ratio of 2.33 and a beta of 1.86. The firm’s fifty day moving average is $78.10 and its 200 day moving average is $63.98. Celsius Holdings, Inc. has a one year low of $28.10 and a one year high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business had revenue of $347.44 million for the quarter, compared to analyst estimates of $326.77 million. During the same quarter last year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was up 95.2% compared to the same quarter last year. Research analysts predict that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder William H. Milmoe sold 60,462 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $33.33, for a total transaction of $2,015,198.46. Following the transaction, the insider now directly owns 31,603,782 shares in the company, valued at $1,053,354,054.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder William H. Milmoe sold 60,462 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $33.33, for a total transaction of $2,015,198.46. Following the transaction, the insider now directly owns 31,603,782 shares in the company, valued at $1,053,354,054.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Caroline S. Levy sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the transaction, the director now owns 37,891 shares in the company, valued at $3,590,930.07. The disclosure for this sale can be found here. Insiders have sold a total of 1,094,783 shares of company stock worth $62,679,671 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CELH shares. Maxim Group raised their price target on shares of Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. UBS Group raised their target price on shares of Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Stifel Nicolaus raised their target price on shares of Celsius from $67.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Morgan Stanley reissued an “equal weight” rating and set a $75.00 target price on shares of Celsius in a report on Wednesday, March 27th. Finally, Piper Sandler raised their target price on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.10.

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.