Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder Sells $25,573,010.58 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,574 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the transaction, the insider now owns 23,750,163 shares in the company, valued at $1,417,172,226.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Celsius Stock Up 3.1 %

Shares of CELH opened at $78.33 on Tuesday. The stock’s 50-day moving average price is $81.04 and its 200-day moving average price is $65.73. The company has a market capitalization of $18.10 billion, a price-to-earnings ratio of 101.29, a PEG ratio of 2.22 and a beta of 1.93. Celsius Holdings, Inc. has a 52 week low of $34.34 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $347.44 million for the quarter, compared to analyst estimates of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The business’s quarterly revenue was up 95.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. As a group, equities analysts anticipate that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CELH shares. Wedbush restated an “outperform” rating and set a $100.00 price target on shares of Celsius in a research note on Friday. Roth Mkm boosted their target price on shares of Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Piper Sandler raised their price target on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Bank of America lowered shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Friday, January 19th. Finally, Jefferies Financial Group raised their target price on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.45.

Institutional Trading of Celsius

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Celsius by 2,199.9% in the first quarter. SG Americas Securities LLC now owns 83,396 shares of the company’s stock worth $6,915,000 after acquiring an additional 79,770 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Celsius during the 1st quarter worth approximately $395,000. Duality Advisers LP acquired a new stake in Celsius in the 1st quarter valued at $1,275,000. Manchester Capital Management LLC raised its position in Celsius by 51,180.0% during the first quarter. Manchester Capital Management LLC now owns 2,564 shares of the company’s stock worth $213,000 after acquiring an additional 2,559 shares during the period. Finally, Texas Permanent School Fund Corp lifted its holdings in Celsius by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 129,766 shares of the company’s stock valued at $10,760,000 after purchasing an additional 1,682 shares in the last quarter. Institutional investors and hedge funds 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.