Principal Financial Group Inc. Sells 110,446 Shares of Celsius Holdings, Inc. (NASDAQ:CELH)

Principal Financial Group Inc. trimmed its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 21.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 400,808 shares of the company’s stock after selling 110,446 shares during the period. Principal Financial Group Inc. owned approximately 0.17% of Celsius worth $12,569,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after acquiring an additional 221,833 shares during the last quarter. Van ECK Associates Corp lifted its stake in Celsius by 169.8% during the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after purchasing an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. boosted its holdings in shares of Celsius by 17.1% in the 3rd 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. Vontobel Holding Ltd. increased its position in shares of Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after purchasing an additional 22,786 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in shares of Celsius during the 3rd quarter valued at about $2,772,000. 60.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CELH. UBS Group reduced their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Piper Sandler decreased their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. Jefferies Financial Group cut their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Needham & Company LLC started coverage on Celsius in a report on Friday, December 6th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Truist Financial increased their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.28.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction that occurred 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 transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Celsius Stock Down 4.4 %

Shares of CELH stock opened at $26.46 on Friday. The business’s fifty day moving average is $29.11 and its 200 day moving average is $38.22. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 3.44 and a beta of 1.76. Celsius Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $99.62.

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.