Wellington Management Group LLP Has $92.54 Million Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Wellington Management Group LLP lowered its position in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 6.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,950,751 shares of the company’s stock after selling 213,282 shares during the quarter. Wellington Management Group LLP owned 1.26% of Celsius worth $92,536,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Worldquant Millennium Advisors LLC grew its holdings in Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after purchasing an additional 1,072,859 shares during the period. Weiss Asset Management LP acquired a new position in Celsius during the third quarter valued at approximately $2,873,000. State Street Corp boosted its holdings in shares of Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after buying an additional 165,329 shares during the period. Stifel Financial Corp boosted its holdings in shares of Celsius by 10.6% in the third quarter. Stifel Financial Corp now owns 117,155 shares of the company’s stock valued at $3,674,000 after buying an additional 11,246 shares during the period. Finally, Readystate Asset Management LP boosted its holdings in shares of Celsius by 14.3% in the third quarter. Readystate Asset Management LP now owns 129,000 shares of the company’s stock valued at $4,045,000 after buying an additional 16,177 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler reduced their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Bank of America reduced their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. B. Riley reduced their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Needham & Company LLC initiated coverage on shares of Celsius in a research report on Friday, December 6th. They issued a “buy” rating and a $38.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.38.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Celsius Stock Up 0.2 %

Shares of Celsius stock opened at $30.61 on Wednesday. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 42.51, a PEG ratio of 3.25 and a beta of 1.76. Celsius Holdings, Inc. has a 12-month low of $25.23 and a 12-month high of $99.62. The firm’s 50-day moving average price is $29.99 and its two-hundred day moving average price is $42.32.

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.