Celsius Holdings, Inc. (NASDAQ:CELH) Position Lifted by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 6.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 34,935 shares of the company’s stock after purchasing an additional 1,986 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Celsius were worth $920,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC raised its position in shares of Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after purchasing an additional 1,914,264 shares during the period. Worldquant Millennium Advisors LLC grew its stake in Celsius by 993.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after buying an additional 1,072,859 shares during the last quarter. MIG Capital LLC acquired a new stake in Celsius in the third quarter worth $30,358,000. Charles Schwab Investment Management Inc. lifted its stake in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after buying an additional 221,833 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Celsius during the third quarter valued at $5,700,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

Celsius stock opened at $22.41 on Monday. Celsius Holdings, Inc. has a 52 week low of $21.65 and a 52 week high of $99.62. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 2.44 and a beta of 1.78. The company has a 50 day moving average price of $27.18 and a 200 day moving average price of $31.77.

Analysts Set New Price Targets

CELH has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. TD Cowen cut Celsius from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Stifel Nicolaus reduced their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Piper Sandler lowered their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

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.