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

Bedell Frazier Investment Counselling LLC increased its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 24.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,581 shares of the company’s stock after acquiring an additional 8,646 shares during the quarter. Bedell Frazier Investment Counselling LLC’s holdings in Celsius were worth $1,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CELH. S.A. Mason LLC bought a new position in Celsius in the second quarter worth $30,000. EverSource Wealth Advisors LLC raised its holdings in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after purchasing an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Celsius in the third quarter worth $34,000. Signaturefd LLC increased its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $29.31 on Monday. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 3.37 and a beta of 1.86. The stock’s 50-day simple moving average is $30.88 and its two-hundred day simple moving average is $47.59. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62.

Analyst Upgrades and Downgrades

CELH has been the subject of several analyst reports. Roth Mkm reduced their price target on Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. UBS Group reduced their price target on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Morgan Stanley restated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. Piper Sandler reduced their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Finally, B. Riley reduced their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.40.

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.