Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder Sells $25,572,652.56 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the transaction, the insider now directly owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Celsius Stock Performance

Celsius stock opened at $72.34 on Thursday. The firm’s fifty day moving average price is $80.34 and its 200-day moving average price is $65.26. The stock has a market cap of $16.71 billion, a P/E ratio of 93.54, a price-to-earnings-growth ratio of 2.15 and a beta of 1.86. Celsius Holdings, Inc. has a fifty-two week low of $32.29 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $347.44 million for the quarter, compared to analysts’ expectations of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The business’s quarterly revenue was up 95.2% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. On average, analysts predict that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

Analysts Set New Price Targets

CELH has been the subject of several analyst reports. Wedbush raised their price objective on shares of Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Stifel Europe raised their price objective on shares of Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. UBS Group raised their price objective on shares of Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Bank of America downgraded shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a report on Friday, January 19th. Finally, Maxim Group raised their price objective on shares of Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.10.

Institutional Trading of Celsius

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Partners II LLC raised its position in shares of Celsius by 4.9% during the 3rd quarter. Advisor Partners II LLC now owns 1,858 shares of the company’s stock valued at $319,000 after buying an additional 87 shares in the last quarter. Fifth Third Bancorp raised its position in Celsius by 19.0% in the 3rd quarter. Fifth Third Bancorp now owns 551 shares of the company’s stock worth $95,000 after purchasing an additional 88 shares during the period. Global Wealth Management Investment Advisory Inc. raised its position in Celsius by 1.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 9,999 shares of the company’s stock worth $1,716,000 after purchasing an additional 100 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Celsius by 0.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.