The Vita Coco Company, Inc. (NASDAQ:COCO) Chairman Sells $210,000.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Chairman Michael Kirban sold 6,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $210,000.00. Following the transaction, the chairman now directly owns 1,663,049 shares in the company, valued at $58,206,715. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Kirban also recently made the following trade(s):

• On Monday, March 17th, Michael Kirban sold 20,000 shares of Vita Coco stock. The stock was sold at an average price of $35.06, for a total transaction of $701,200.00.
• On Friday, March 14th, Michael Kirban sold 20,000 shares of Vita Coco stock. The stock was sold at an average price of $34.57, for a total transaction of $691,400.00.

Vita Coco Stock Down 0.2 %

Vita Coco stock opened at $35.51 on Friday. The Vita Coco Company, Inc. has a 52 week low of $23.00 and a 52 week high of $40.32. The company’s 50 day moving average price is $36.31 and its two-hundred day moving average price is $33.69. The stock has a market cap of $2.02 billion, a P/E ratio of 35.87, a P/E/G ratio of 2.25 and a beta of 0.34.

Hedge Funds Weigh In On Vita Coco

Several hedge funds have recently modified their holdings of COCO. GAMMA Investing LLC lifted its position in shares of Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after buying an additional 360 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of 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. bought a new position in shares of Vita Coco during the 4th quarter worth approximately $52,000. Venturi Wealth Management LLC bought a new position in shares of Vita Coco during the 4th quarter worth approximately $66,000. Finally, Quest Partners LLC lifted its position in shares of 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. Institutional investors own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.