44,235 Shares in Celsius Holdings, Inc. (NASDAQ:CELH) Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC bought a new stake in Celsius Holdings, Inc. (NASDAQ:CELH) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 44,235 shares of the company’s stock, valued at approximately $1,165,000.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after acquiring an additional 289 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Celsius by 0.3% during the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock worth $3,106,000 after purchasing an additional 337 shares in the last quarter. Signaturefd LLC lifted its stake in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after buying an additional 505 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after buying an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group lowered their target price on 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. assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective for the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Jefferies Financial Group decreased 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. Finally, Truist Financial upped their price objective on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.94.

Celsius Trading Down 1.3 %

CELH stock opened at $27.23 on Tuesday. The stock has a market cap 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 twelve month low of $25.23 and a twelve month high of $99.62. The company’s 50 day moving average is $28.09 and its two-hundred day moving average is $34.48.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

About Celsius

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.