Charles Schwab Investment Management Inc. Grows Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Charles Schwab Investment Management Inc. boosted its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 19.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,381,279 shares of the company's stock after buying an additional 221,833 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.59% of Celsius worth $43,317,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CELH. S.A. Mason LLC acquired a new position in shares of Celsius in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company's stock worth $32,000 after purchasing an additional 374 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Celsius in the 3rd quarter valued at $34,000. Signaturefd LLC increased its position in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company's stock worth $36,000 after buying an additional 378 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in 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 last quarter. Institutional investors own 60.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CELH shares. Jefferies Financial Group decreased their price target on Celsius from $53.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, October 10th. B. Riley decreased their target price on Celsius from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Truist Financial boosted their price target on Celsius from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. LADENBURG THALM/SH SH reduced their price objective on shares of Celsius from $72.00 to $68.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. Finally, Bank of America dropped their target price on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.40.

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly sold 74,847 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares of the company's stock, valued at approximately $59,449,672. The trade was a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company's stock.

Celsius Stock Up 0.7 %

CELH stock traded up $0.19 during mid-day trading on Monday, reaching $28.64. 4,982,495 shares of the company traded hands, compared to its average volume of 6,091,109. Celsius Holdings, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The firm's 50 day moving average price is $30.26 and its 200 day moving average price is $45.07. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 3.27 and a beta of 1.86.

Celsius Company 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.