Celsius Target of Unusually Large Options Trading (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) saw unusually large options trading activity on Wednesday. Stock traders acquired 107,663 call options on the company. This is an increase of 44% compared to the average daily volume of 74,832 call options.

Insider Buying and Selling

In other news, major shareholder William H. Milmoe sold 65,000 shares of the 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 sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Celsius by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock valued at $416,517,000 after purchasing an additional 345,837 shares during the period. Alliancebernstein L.P. increased its position in shares of Celsius by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock worth $376,455,000 after purchasing an additional 1,444,020 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in Celsius by 60.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock valued at $181,164,000 after buying an additional 2,591,345 shares during the last quarter. State Street Corp boosted its stake in Celsius by 3.2% during the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after buying an additional 165,329 shares during the period. Finally, FMR LLC increased its position in shares of Celsius by 64.2% during the fourth quarter. FMR LLC now owns 4,055,148 shares of the company’s stock valued at $106,813,000 after acquiring an additional 1,585,839 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CELH has been the subject of several recent research reports. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Piper Sandler reduced their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. UBS Group decreased their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Finally, Roth Mkm lowered their price objective on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and an average target price of $47.56.

Celsius Trading Up 12.8 %

NASDAQ:CELH traded up $2.92 during trading hours on Wednesday, hitting $25.66. The company had a trading volume of 9,838,829 shares, compared to its average volume of 7,352,004. Celsius has a 1 year low of $21.10 and a 1 year high of $99.62. The company has a market cap of $6.03 billion, a P/E ratio of 35.77, a P/E/G ratio of 2.52 and a beta of 1.78. The company has a 50-day moving average of $26.36 and a 200 day moving average of $30.64.

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.