Mirae Asset Global Investments Co. Ltd. Raises Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Mirae Asset Global Investments Co. Ltd. increased its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,689 shares of the company’s stock after buying an additional 1,100 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Celsius were worth $587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CELH. Assenagon Asset Management S.A. raised its holdings in Celsius by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after acquiring an additional 337 shares during the last quarter. Signaturefd LLC grew its position in shares of Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares during the period. Blue Trust Inc. increased its stake in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Celsius by 6.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company’s stock worth $248,000 after buying an additional 586 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Celsius by 6.8% in the 4th quarter. Arkadios Wealth Advisors now owns 9,733 shares of the company’s stock valued at $256,000 after buying an additional 622 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler cut their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. B. Riley decreased their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. LADENBURG THALM/SH SH dropped their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. JPMorgan Chase & Co. began coverage on Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. Finally, Stifel Nicolaus lowered their price target on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.56.

Celsius Trading Down 3.4 %

CELH opened at $21.28 on Thursday. Celsius Holdings, Inc. has a twelve month low of $21.10 and a twelve month high of $99.62. The firm 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 has a fifty day simple moving average of $26.90 and a 200 day simple moving average of $31.31.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred 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 directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by corporate 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.