Celsius Holdings, Inc. (NASDAQ:CELH) Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in Celsius Holdings, Inc. (NASDAQ:CELH) by 21.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 400,808 shares of the company’s stock after selling 110,446 shares during the period. Principal Financial Group Inc. owned approximately 0.17% of Celsius worth $12,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in Celsius by 18.7% during the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after purchasing an additional 2,567,290 shares in the last quarter. Capital International Investors boosted its stake in shares of Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after buying an additional 1,333,217 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after acquiring an additional 790,014 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Celsius by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock worth $232,365,000 after acquiring an additional 9,054 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CELH. Truist Financial boosted their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Bank of America lowered their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. LADENBURG THALM/SH SH cut their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Roth Mkm decreased their target price on shares of Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Stifel Nicolaus cut their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Celsius currently has an average rating of “Moderate Buy” and an average price target of $54.40.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $25.66 on Friday. Celsius Holdings, Inc. has a 52-week low of $25.50 and a 52-week high of $99.62. The company has a market cap of $6.03 billion, a P/E ratio of 35.64, a P/E/G ratio of 3.07 and a beta of 1.86. The stock’s 50-day moving average is $31.41 and its 200-day moving average is $49.62.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.