Global Wealth Management Investment Advisory Inc. Purchases 1,986 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Global Wealth Management Investment Advisory Inc. lifted its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,935 shares of the company’s stock after acquiring an additional 1,986 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Celsius were worth $920,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after acquiring an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Celsius by 85.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after purchasing an additional 26,801 shares in the last quarter. Van ECK Associates Corp grew its stake in Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after purchasing an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. raised its holdings in Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after purchasing an additional 25,315 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after buying an additional 22,786 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CELH. 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. Stifel Nicolaus reduced their price target on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. UBS Group lowered their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group reduced their target price on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Celsius Price Performance

CELH opened at $22.41 on Monday. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78. Celsius Holdings, Inc. has a 12 month low of $21.65 and a 12 month high of $99.62. The business has a 50-day moving average of $27.18 and a two-hundred day moving average of $31.77.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on 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 transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company 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.