Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder William H. Milmoe Sells 428,574 Shares

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,574 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the completion of the transaction, the insider now owns 23,964,450 shares of the company’s stock, valued at approximately $1,429,958,731.50. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Celsius Stock Performance

Celsius stock opened at $78.33 on Tuesday. Celsius Holdings, Inc. has a one year low of $34.34 and a one year high of $99.62. The company has a market cap of $18.10 billion, a P/E ratio of 101.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.93. The business has a fifty day moving average of $81.04 and a two-hundred day moving average of $65.73.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $347.44 million during 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 firm’s quarterly revenue was up 95.2% compared to the same quarter last year. During the same period last year, the company posted $0.01 earnings per share. Sell-side analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Institutional Trading of Celsius

Several large investors have recently bought and sold shares of CELH. Cambridge Investment Research Advisors Inc. raised its position in Celsius by 89.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,386 shares of the company’s stock worth $2,812,000 after acquiring an additional 7,723 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Celsius by 8.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 53,237 shares of the company’s stock valued at $9,135,000 after buying an additional 3,921 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Celsius by 8.5% in the third quarter. Bank of New York Mellon Corp now owns 428,602 shares of the company’s stock worth $73,548,000 after acquiring an additional 33,597 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Celsius by 48.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,100 shares of the company’s stock valued at $1,390,000 after acquiring an additional 2,643 shares in the last quarter. Finally, Advisor Partners II LLC increased its position in Celsius by 4.9% during the 3rd quarter. Advisor Partners II LLC now owns 1,858 shares of the company’s stock worth $319,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

CELH has been the topic of a number of research analyst reports. Stifel Nicolaus cut their target price on Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Maxim Group raised their target price on shares of Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Celsius in a research note on Friday. Morgan Stanley restated an “equal weight” rating and issued a $75.00 price objective on shares of Celsius in a research note on Wednesday, March 27th. Finally, Roth Mkm raised their price target on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Two equities 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.45.

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.