Geode Capital Management LLC Buys 104,896 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Geode Capital Management LLC raised its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 3.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,000,805 shares of the company’s stock after purchasing an additional 104,896 shares during the quarter. Geode Capital Management LLC owned 1.28% of Celsius worth $93,928,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CELH. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Celsius during the third quarter valued at approximately $34,000. Signaturefd LLC raised its holdings in Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares in the last quarter. Finally, Activest Wealth Management purchased a new position in shares of Celsius during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CELH shares. Morgan Stanley dropped their price target on Celsius from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Jefferies Financial Group reduced their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group lowered their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Roth Mkm dropped their price target on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.28.

Celsius Stock Up 3.1 %

NASDAQ CELH opened at $27.94 on Friday. Celsius Holdings, Inc. has a 52 week low of $25.23 and a 52 week high of $99.62. The firm has a market capitalization of $6.57 billion, a P/E ratio of 38.81, a PEG ratio of 3.44 and a beta of 1.76. The company has a 50-day moving average price of $29.89 and a 200-day moving average price of $40.29.

Insider Transactions at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.

Celsius 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.