Hoi Shuen Solina Holly Chau Sells 554,017 Shares of Celsius Holdings, Inc. (NASDAQ:CELH) Stock

Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) major shareholder Hoi Shuen Solina Holly Chau sold 554,017 shares of Celsius stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $90.25, for a total transaction of $50,000,034.25. Following the sale, the insider now owns 8,846,232 shares in the company, valued at approximately $798,372,438. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Celsius Stock Down 1.4 %

Shares of NASDAQ CELH opened at $87.00 on Friday. The stock has a market capitalization of $6.67 billion, a P/E ratio of -33.21 and a beta of 1.85. The stock’s 50 day moving average price is $97.63 and its two-hundred day moving average price is $98.39. Celsius Holdings, Inc. has a 52-week low of $38.31 and a 52-week high of $122.24.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CELH shares. UBS Group dropped their price target on shares of Celsius from $129.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, March 2nd. Bank of America began coverage on Celsius in a research note on Friday, January 6th. They issued a “neutral” rating and a $104.00 price target on the stock. TheStreet upgraded Celsius from a “d+” rating to a “c” rating in a research note on Friday, December 9th. B. Riley upped their target price on Celsius from $130.00 to $140.00 in a research report on Thursday, November 10th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $120.00 price target on shares of Celsius in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned 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 $109.88.

Institutional Investors Weigh In On Celsius

Institutional investors and hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC bought a new stake in Celsius during the fourth quarter valued at $27,000. Money Concepts Capital Corp bought a new stake in shares of Celsius during the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust raised its stake in Celsius by 224.0% during the third quarter. Parkside Financial Bank & Trust now owns 311 shares of the company’s stock worth $28,000 after acquiring an additional 215 shares during the period. Quadrant Capital Group LLC lifted its holdings in Celsius by 437.6% in the third quarter. Quadrant Capital Group LLC now owns 457 shares of the company’s stock worth $41,000 after acquiring an additional 372 shares during the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new position in Celsius in the third quarter valued at approximately $42,000. 67.50% of the stock is owned by institutional investors and hedge funds.

Celsius Company Profile

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Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.