The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 400 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 400 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $40.01, for a total transaction of $16,004.00. Following the sale, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $4,165,361.08. This represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Jonathan Burth also recently made the following trade(s):

• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The shares were sold at an average price of $37.60, for a total transaction of $152,355.20.
• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The shares were sold at an average price of $37.53, for a total transaction of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The shares were sold at an average price of $37.61, for a total transaction of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total transaction of $356,900.00.

Vita Coco Stock Performance

Shares of COCO stock opened at $39.97 on Friday. The firm’s 50 day moving average price is $36.44 and its 200-day moving average price is $31.83. The Vita Coco Company, Inc. has a one year low of $20.64 and a one year high of $40.32. The firm has a market cap of $2.27 billion, a P/E ratio of 40.37, a P/E/G ratio of 2.24 and a beta of 0.30.

Analyst Ratings Changes

Several research firms have weighed in on COCO. Stephens lowered 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 report on Monday, January 27th. Wells Fargo & Company boosted their target price on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Bank of America boosted their target price 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. Finally, Craig Hallum boosted their target price on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.83.

Hedge Funds Weigh In On Vita Coco

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Vita Coco by 84.9% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after acquiring an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in Vita Coco by 91.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock worth $47,000 after buying an additional 613 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Vita Coco during the 4th quarter worth approximately $52,000. Venturi Wealth Management LLC acquired a new stake in Vita Coco during the 4th quarter worth approximately $66,000. Finally, Quest Partners LLC lifted its holdings in Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after buying an additional 3,473 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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.