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 company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now owns 23,964,450 shares of the company’s stock, valued at $1,429,958,731.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Celsius Price Performance

Shares of NASDAQ CELH traded up $2.80 during mid-day trading on Monday, reaching $78.77. 4,776,857 shares of the company traded hands, compared to its average volume of 4,618,956. Celsius Holdings, Inc. has a fifty-two week low of $34.34 and a fifty-two week high of $99.62. The firm has a market cap of $18.20 billion, a PE ratio of 99.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.93. The stock has a fifty day simple moving average of $80.79 and a 200-day simple moving average of $65.58.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 17.21% and a return on equity of 131.58%. The business’s revenue for the quarter was up 95.2% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. As a group, analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CELH. Vanguard Group Inc. grew its position in Celsius by 183.6% in the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after buying an additional 8,899,873 shares during the last quarter. Wellington Management Group LLP boosted its stake in Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after purchasing an additional 2,306,598 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Celsius by 424.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after purchasing an additional 2,261,046 shares during the period. Eagle Asset Management Inc. boosted its stake in Celsius by 188.8% in the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after purchasing an additional 1,934,400 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new position in Celsius in the 4th quarter worth approximately $101,116,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analysts Set New Price Targets

CELH has been the subject of a number of analyst reports. Piper Sandler upped their price objective on shares of Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Jefferies Financial Group increased their price target on shares of Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Celsius in a research report on Friday. Bank of America cut shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Friday, January 19th. Finally, Maxim Group increased their price target 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. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $85.45.

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.