Celsius Holdings, Inc. (NASDAQ:CELH) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC lessened its stake in Celsius Holdings, Inc. (NASDAQ:CELH) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,363 shares of the company’s stock after selling 5,166 shares during the quarter. HB Wealth Management LLC’s holdings in Celsius were worth $457,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Celsius by 3.2% during the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the period. Geode Capital Management LLC raised its stake in Celsius by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after acquiring an additional 104,896 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Celsius by 19.1% in 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 acquiring an additional 221,833 shares during the period. Worldquant Millennium Advisors LLC grew its holdings in shares of Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after purchasing an additional 1,072,859 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Celsius by 86.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after purchasing an additional 460,227 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CELH shares. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price on the stock. LADENBURG THALM/SH SH reduced their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. UBS Group dropped their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday. Finally, Roth Mkm lowered their target price on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.78.

Celsius Trading Down 5.4 %

NASDAQ:CELH opened at $25.35 on Thursday. The company has a 50-day moving average of $28.08 and a 200-day moving average of $34.26. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.99 and a beta of 1.79. 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.