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

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

Celsius Trading Down 2.7 %

Celsius stock traded down $0.85 during midday trading on Monday, reaching $30.94. 7,461,063 shares of the stock traded hands, compared to its average volume of 6,195,012. Celsius Holdings, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 3.44 and a beta of 1.76. The firm has a fifty day moving average price of $30.05 and a two-hundred day moving average price of $41.17.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research report on Thursday. They set a “hold” rating and a $32.00 price target on the stock. Bank of America cut their price objective on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Maxim Group decreased their target price on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Jefferies Financial Group dropped their price target on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.17.

Hedge Funds Weigh In On Celsius

Several hedge funds and other institutional investors have recently made changes to their positions in CELH. State Street Corp increased its position in Celsius by 3.2% in the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after acquiring an additional 165,329 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after purchasing an additional 2,754,722 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Celsius by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after purchasing an additional 104,896 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Celsius by 36.7% during the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after purchasing an additional 790,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.