Global Wealth Management Investment Advisory Inc. Raises Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Global Wealth Management Investment Advisory Inc. raised its stake in Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) by 218.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,803 shares of the company's stock after purchasing an additional 21,804 shares during the quarter. Global Wealth Management Investment Advisory Inc.'s holdings in Celsius were worth $1,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CELH. Beck Bode LLC boosted its stake in Celsius by 185.8% during the fourth quarter. Beck Bode LLC now owns 34,548 shares of the company's stock worth $1,884,000 after acquiring an additional 22,461 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Celsius during the 4th quarter valued at approximately $252,000. Van ECK Associates Corp purchased a new position in Celsius during the fourth quarter valued at $614,000. Cypress Capital Management LLC WY bought a new position in Celsius in the 4th quarter worth about $1,235,000. Finally, Choreo LLC increased its stake in Celsius by 200.0% during the 4th quarter. Choreo LLC now owns 7,500 shares of the company's stock valued at $409,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 60.95% of the company's stock.

Celsius Stock Performance

Shares of CELH traded up $1.07 during midday trading on Wednesday, hitting $72.34. 3,095,165 shares of the company traded hands, compared to its average volume of 4,633,219. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 92.42, a PEG ratio of 2.15 and a beta of 1.86. Celsius Holdings, Inc. has a 52 week low of $32.29 and a 52 week high of $99.62. The firm has a 50 day moving average of $80.12 and a 200-day moving average of $65.21.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $347.44 million during the quarter, compared to analyst estimates of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. Celsius's quarterly revenue was up 95.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 earnings per share. Sell-side analysts predict that Celsius Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the transaction, the chief financial officer now owns 83,670 shares in the company, valued at approximately $5,808,371.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Celsius news, CMO Kyle Audrey Watson sold 40,000 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $89.17, for a total transaction of $3,566,800.00. Following the completion of the transaction, the chief marketing officer now owns 75,060 shares in the company, valued at $6,693,100.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the sale, the chief financial officer now owns 83,670 shares in the company, valued at $5,808,371.40. The disclosure for this sale can be found here. Insiders have sold 1,253,278 shares of company stock valued at $83,587,047 over the last ninety days. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

CELH has been the topic of a number of research analyst reports. Jefferies Financial Group upped their price target on Celsius from $98.00 to $105.00 and gave the company a "buy" rating in a report on Monday, March 18th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $75.00 target price on shares of Celsius in a research report on Wednesday, March 27th. Wedbush increased their price target on Celsius from $75.00 to $90.00 and gave the company an "outperform" rating in a report on Monday, March 4th. Bank of America cut Celsius from a "buy" rating to a "neutral" rating and set a $65.00 price objective for the company. in a research report on Friday, January 19th. Finally, Roth Mkm raised their target price on Celsius from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $85.10.

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.