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

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,574 shares of the stock in a transaction on Friday, May 3rd. The stock was 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 directly owns 23,964,450 shares in the company, valued at approximately $1,429,958,731.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Celsius Stock Down 1.8 %

NASDAQ CELH opened at $76.95 on Wednesday. The firm has a market capitalization of $17.78 billion, a P/E ratio of 99.51, a PEG ratio of 2.22 and a beta of 1.93. The company has a 50-day moving average price of $81.23 and a 200-day moving average price of $65.89. 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 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. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. During the same period in the previous year, the business earned $0.01 earnings per share. Celsius’s quarterly revenue was up 95.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CELH shares. Stifel Nicolaus dropped their price target on Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Maxim Group upped their target price on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. UBS Group increased their price target on shares of Celsius from $73.00 to $99.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Stifel Europe boosted 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. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $75.00 price target on shares of Celsius in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and an average price target of $85.45.

Hedge Funds Weigh In On Celsius

Hedge funds have recently modified their holdings of the company. Advisor Partners II LLC lifted its position in shares of Celsius by 4.9% in the third quarter. Advisor Partners II LLC now owns 1,858 shares of the company’s stock valued at $319,000 after acquiring an additional 87 shares in the last quarter. Fifth Third Bancorp grew its stake in Celsius by 19.0% during the third quarter. Fifth Third Bancorp now owns 551 shares of the company’s stock valued at $95,000 after acquiring an additional 88 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings 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 valued at $1,716,000 after acquiring an additional 100 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in shares of Celsius by 1,350.0% during the third 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Celsius by 0.7% in the first 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 last quarter. 60.95% of the stock is currently owned by institutional investors.

About Celsius

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.