Desjardins Global Asset Management Inc. Makes New $55,000 Investment in Celsius Holdings, Inc. (NASDAQ:CELH)

Desjardins Global Asset Management Inc. acquired a new position in Celsius Holdings, Inc. (NASDAQ:CELH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,018 shares of the company’s stock, valued at approximately $55,000.

A number of other large investors have also modified their holdings of CELH. Envestnet Asset Management Inc. raised its position in shares of Celsius by 20.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,908 shares of the company’s stock worth $326,000 after purchasing an additional 1,023 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Celsius by 8.5% during the 1st quarter. JPMorgan Chase & Co. now owns 54,953 shares of the company’s stock worth $3,033,000 after purchasing an additional 4,285 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Celsius by 4.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,583 shares of the company’s stock worth $529,000 after purchasing an additional 398 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Celsius by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 394,530 shares of the company’s stock worth $21,771,000 after purchasing an additional 7,411 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Celsius by 53.1% during the 1st quarter. MetLife Investment Management LLC now owns 28,662 shares of the company’s stock worth $1,582,000 after purchasing an additional 9,946 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating and set a $75.00 price target on shares of Celsius in a research report on Wednesday, March 27th. UBS Group upped their price objective on shares of Celsius from $73.00 to $99.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Roth Mkm upped their price objective on shares of Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Stifel Europe upped their price objective on shares of Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Jefferies Financial Group upped their price objective on shares of Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.10.

Insider Buying and Selling

In related news, major shareholder Deborah Desantis sold 128,309 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $43.96, for a total transaction of $5,640,463.64. Following the completion of the transaction, the insider now owns 31,096,560 shares of the company’s stock, valued at approximately $1,367,004,777.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Celsius news, major shareholder Deborah Desantis sold 128,309 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $43.96, for a total transaction of $5,640,463.64. Following the sale, the insider now directly owns 31,096,560 shares in the company, valued at approximately $1,367,004,777.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Nicholas Castaldo sold 165,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the sale, the director now owns 352,864 shares in the company, valued at $29,404,157.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,038,400 shares of company stock valued at $60,947,637. Company insiders own 2.70% of the company’s stock.

Celsius Price Performance

Celsius stock opened at $68.84 on Friday. The firm has a 50 day simple moving average of $78.80 and a 200-day simple moving average of $64.14. Celsius Holdings, Inc. has a 1-year low of $29.42 and a 1-year high of $99.62. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 89.40, a price-to-earnings-growth ratio of 2.07 and a beta of 1.86.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $347.44 million during the quarter, compared to analysts’ expectations of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The firm’s quarterly revenue was up 95.2% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. Equities analysts expect that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Celsius Company 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.