The Vita Coco Company, Inc. (NASDAQ:COCO) Chairman Michael Kirban Sells 6,000 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) Chairman Michael Kirban sold 6,000 shares of the stock in a transaction that occurred on 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 owns 1,663,049 shares in the company, valued at approximately $58,206,715. The trade was a 0.36 % decrease in their position. The sale 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 value of $701,200.00.
• On Friday, March 14th, Michael Kirban sold 20,000 shares of Vita Coco stock. The shares were sold at an average price of $34.57, for a total transaction of $691,400.00.

Vita Coco Stock Up 1.2 %

Shares of NASDAQ COCO opened at $35.57 on Friday. The company has a market capitalization of $2.03 billion, a PE ratio of 35.93, a P/E/G ratio of 2.25 and a beta of 0.34. The firm has a fifty day simple moving average of $36.27 and a 200 day simple moving average of $33.56. The Vita Coco Company, Inc. has a twelve month low of $23.00 and a twelve month high of $40.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Vita Coco by 1.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,555 shares of the company’s stock valued at $6,111,000 after acquiring an additional 2,587 shares in the last quarter. Woodson Capital Management LP raised its holdings in Vita Coco by 4.5% during the fourth quarter. Woodson Capital Management LP now owns 709,615 shares of the company’s stock worth $26,192,000 after buying an additional 30,553 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Vita Coco in the fourth quarter valued at $323,000. Millennium Management LLC grew its holdings in shares of Vita Coco by 24.9% during the fourth quarter. Millennium Management LLC now owns 25,515 shares of the company’s stock valued at $942,000 after buying an additional 5,087 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Vita Coco by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company’s stock worth $824,000 after acquiring an additional 842 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on COCO shares. The Goldman Sachs Group raised their price objective on Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Bank of America lifted their price target 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 cut their target price 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. Finally, Stephens downgraded shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target for the company. in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.14.

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.