The Vita Coco Company, Inc. (NASDAQ:COCO) Director Sells $68,954.46 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 1,723 shares of Vita Coco stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.02, for a total transaction of $68,954.46. Following the transaction, the director now owns 812,579 shares in the company, valued at approximately $32,519,411.58. This trade represents a 0.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ira Liran also recently made the following trade(s):

• On Friday, February 14th, Ira Liran sold 20,235 shares of Vita Coco stock. The shares were sold at an average price of $40.07, for a total value of $810,816.45.
• On Wednesday, February 12th, Ira Liran sold 300 shares of Vita Coco stock. The stock was sold at an average price of $40.02, for a total transaction of $12,006.00.
• On Thursday, December 19th, Ira Liran sold 30,000 shares of Vita Coco stock. The shares were sold at an average price of $35.58, for a total value of $1,067,400.00.

Vita Coco Price Performance

NASDAQ COCO opened at $37.50 on Friday. The company has a fifty day moving average price of $36.71 and a 200-day moving average price of $32.30. The Vita Coco Company, Inc. has a 1 year low of $20.64 and a 1 year high of $40.32. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.38 and a beta of 0.30.

Analyst Ratings Changes

A number of research firms recently issued reports on COCO. Stephens downgraded shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price on the stock. in a research report on Monday, January 27th. Bank of America lifted their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company boosted their target price on shares of Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, Craig Hallum raised their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vita Coco presently has an average rating of “Moderate Buy” and a consensus price target of $34.83.

Institutional Investors Weigh In On Vita Coco

Several institutional investors and hedge funds have recently added to or reduced their stakes in COCO. Wasatch Advisors LP lifted its holdings in Vita Coco by 17.8% during the fourth quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company’s stock worth $104,414,000 after acquiring an additional 427,871 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Vita Coco by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company’s stock worth $95,565,000 after buying an additional 11,712 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Vita Coco by 14.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company’s stock valued at $55,460,000 after buying an additional 185,692 shares during the period. Loomis Sayles & Co. L P increased its holdings in Vita Coco by 15.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company’s stock worth $52,486,000 after buying an additional 193,420 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Vita Coco by 6.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,130,117 shares of the company’s stock worth $41,713,000 after acquiring an additional 64,011 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

About Vita Coco

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.