Diversify Wealth Management LLC Increases Stock Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Diversify Wealth Management LLC boosted its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,231 shares of the company’s stock after acquiring an additional 2,850 shares during the period. Diversify Wealth Management LLC’s holdings in Celsius were worth $1,398,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CELH. Worldquant Millennium Advisors LLC increased its position in shares of 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 buying an additional 1,072,859 shares during the period. MIG Capital LLC purchased a new position in shares of Celsius during the 3rd quarter worth approximately $30,358,000. Dimensional Fund Advisors LP grew its holdings in shares of Celsius by 86.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after acquiring an additional 460,227 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Celsius in the 2nd quarter valued at approximately $20,024,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Celsius by 19.1% during 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 purchasing an additional 221,833 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stifel Nicolaus lowered 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. Morgan Stanley reissued an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Truist Financial boosted their price objective on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. UBS Group decreased their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, B. Riley cut their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.94.

Celsius Stock Performance

CELH opened at $27.23 on Tuesday. The company’s 50-day simple moving average is $28.09 and its two-hundred day simple moving average is $34.48. The stock has a market capitalization of $6.40 billion, a P/E ratio of 37.82, a P/E/G ratio of 2.79 and a beta of 1.79. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were 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 directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by 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.