Diversify Wealth Management LLC Grows Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Diversify Wealth Management LLC raised its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,231 shares of the company’s stock after purchasing 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 hedge funds and other institutional investors also recently modified their holdings of CELH. Worldquant Millennium Advisors LLC lifted its holdings 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 purchasing an additional 1,072,859 shares in the last quarter. MIG Capital LLC purchased a new stake in shares of Celsius in the third quarter worth about $30,358,000. Dimensional Fund Advisors LP boosted its position in shares of Celsius by 86.9% in the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after acquiring an additional 460,227 shares during the period. Lighthouse Investment Partners LLC bought a new stake in Celsius during the 2nd quarter worth approximately $20,024,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

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

Wall Street Analysts Forecast Growth

CELH has been the topic of several research analyst reports. Jefferies Financial Group decreased their price target 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. B. Riley lowered their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Stifel Nicolaus cut their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. LADENBURG THALM/SH SH lowered their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.94.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by insiders.

Celsius Company 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.