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

Bedell Frazier Investment Counselling LLC raised its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 24.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,581 shares of the company’s stock after purchasing 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.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares during the last quarter. Beacon Capital Management LLC bought a new stake in shares of Celsius during the first quarter valued at about $40,000. S.A. Mason LLC bought a new stake in shares of Celsius during the second quarter valued at about $30,000. Benjamin F. Edwards & Company Inc. increased its position 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 buying an additional 505 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after buying an additional 630 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Roth Mkm decreased their price target on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Maxim Group decreased their price target on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Piper Sandler decreased their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. LADENBURG THALM/SH SH decreased their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.40.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Celsius Price Performance

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

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.