Celsius Holdings, Inc. (NASDAQ:CELH) Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 5.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,689 shares of the company’s stock after purchasing an additional 1,100 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Celsius were worth $587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after acquiring an additional 1,914,264 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its stake in Celsius by 993.0% during the third 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 during the last quarter. MIG Capital LLC acquired a new position in Celsius in the third quarter worth $30,358,000. Charles Schwab Investment Management Inc. increased its stake in 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 during the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Celsius during the third quarter worth $5,700,000. 60.95% of the stock is owned by institutional investors.

Celsius Trading Down 3.4 %

Celsius stock opened at $21.28 on Thursday. Celsius Holdings, Inc. has a 52 week low of $21.10 and a 52 week high of $99.62. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 2.44 and a beta of 1.78. The company’s 50-day moving average price is $26.90 and its two-hundred day moving average price is $31.31.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s 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 completion of the sale, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

CELH has been the subject of several research reports. UBS Group decreased their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. started coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. Truist Financial raised their price target on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, Piper Sandler lowered their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.56.

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.