Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder William H. Milmoe Sells 65,000 Shares of Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Celsius Stock Performance

Celsius stock opened at $30.94 on Tuesday. The company has a market capitalization of $7.27 billion, a PE ratio of 42.97, a P/E/G ratio of 3.44 and a beta of 1.76. The company has a 50 day moving average price of $30.05 and a 200-day moving average price of $41.17. Celsius Holdings, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $99.62.

Institutional Investors Weigh In On Celsius

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Retirement Systems of Alabama grew its position in shares of Celsius by 7.3% during the 3rd quarter. Retirement Systems of Alabama now owns 284,501 shares of the company’s stock worth $8,922,000 after buying an additional 19,387 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Celsius in the third quarter worth about $734,000. Tidal Investments LLC grew its holdings in Celsius by 58.9% during the 3rd quarter. Tidal Investments LLC now owns 22,156 shares of the company’s stock worth $695,000 after acquiring an additional 8,215 shares in the last quarter. TD Private Client Wealth LLC increased its position in Celsius by 66.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,284 shares of the company’s stock valued at $103,000 after purchasing an additional 1,308 shares during the period. Finally, Toronto Dominion Bank increased its position in Celsius by 479.6% during the 3rd quarter. Toronto Dominion Bank now owns 103,702 shares of the company’s stock valued at $3,252,000 after purchasing an additional 85,809 shares during the period. 60.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CELH has been the subject of several recent research reports. Stifel Nicolaus dropped their price target on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. Piper Sandler dropped their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. Finally, Roth Mkm reduced their target price on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.17.

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.