William Blair Investment Management LLC Sells 145,232 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

William Blair Investment Management LLC trimmed its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO) by 18.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 623,403 shares of the company’s stock after selling 145,232 shares during the quarter. William Blair Investment Management LLC’s holdings in Vita Coco were worth $23,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its position in shares of Vita Coco by 200.6% in the third quarter. Barclays PLC now owns 69,504 shares of the company’s stock valued at $1,969,000 after acquiring an additional 46,385 shares during the period. Woodson Capital Management LP acquired a new position in shares of Vita Coco in the third quarter valued at $19,224,000. Lord Abbett & CO. LLC raised its stake in shares of Vita Coco by 21.1% in the third quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company’s stock valued at $13,034,000 after purchasing an additional 80,128 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Vita Coco in the fourth quarter valued at $790,000. Finally, AlphaQuest LLC raised its stake in shares of Vita Coco by 712.3% in the fourth quarter. AlphaQuest LLC now owns 28,382 shares of the company’s stock valued at $1,048,000 after purchasing an additional 24,888 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stephens lowered Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price for the company. in a research note on Monday, January 27th. Wells Fargo & Company cut their target price on Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group upped their target price on Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

Insider Buying and Selling

In related news, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.07, for a total value of $810,816.45. Following the completion of the sale, the director now directly owns 814,302 shares in the company, valued at $32,629,081.14. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jonathan Burth sold 700 shares of Vita Coco stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.25, for a total value of $28,175.00. Following the completion of the sale, the chief operating officer now owns 104,108 shares of the company’s stock, valued at approximately $4,190,347. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,410 shares of company stock worth $3,875,211 over the last three months. 34.20% of the stock is currently owned by company insiders.

Vita Coco Stock Down 1.8 %

Vita Coco stock opened at $34.62 on Wednesday. The stock has a 50-day simple moving average of $36.22 and a 200 day simple moving average of $33.54. The Vita Coco Company, Inc. has a 12-month low of $23.00 and a 12-month high of $40.32. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 2.25 and a beta of 0.34.

Vita Coco Company Profile

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.