Insider Selling: Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder Sells 428,568 Shares of Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the sale, the insider now owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Celsius Stock Up 1.5 %

NASDAQ CELH traded up $1.07 during trading hours on Wednesday, hitting $72.34. 3,095,165 shares of the company were exchanged, compared to its average volume of 4,633,219. Celsius Holdings, Inc. has a 52 week low of $32.29 and a 52 week high of $99.62. The stock has a 50-day moving average price of $80.12 and a 200 day moving average price of $65.21. The stock has a market cap of $16.71 billion, a PE ratio of 92.42, a price-to-earnings-growth ratio of 2.15 and a beta of 1.86.

Celsius (NASDAQ:CELH) last released its earnings results 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 the consensus estimate of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company’s revenue for the quarter was up 95.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. As a group, sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.09 earnings per share for the current year.

Institutional Trading of Celsius

A number of hedge funds have recently bought and sold shares of CELH. Advisor Partners II LLC grew its position in shares of Celsius by 4.9% in the 3rd quarter. Advisor Partners II LLC now owns 1,858 shares of the company’s stock worth $319,000 after buying an additional 87 shares during the last quarter. Fifth Third Bancorp grew its holdings in Celsius by 19.0% in the third quarter. Fifth Third Bancorp now owns 551 shares of the company’s stock worth $95,000 after purchasing an additional 88 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in shares of Celsius by 1.0% during the third 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 in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Celsius by 1,350.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wedbush increased their price objective on shares of Celsius from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, March 4th. UBS Group raised their target price on shares of Celsius from $73.00 to $99.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Jefferies Financial Group boosted their price target on shares of Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Stifel Nicolaus raised their price objective on Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Stifel Europe lifted their target price on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.10.

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.