The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 700 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 700 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.25, for a total transaction of $28,175.00. Following the sale, the chief operating officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, February 12th, Jonathan Burth sold 400 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total transaction of $16,004.00.
• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $35.69, for a total transaction of $356,900.00.

Vita Coco Trading Down 2.2 %

Shares of COCO stock traded down $0.86 during trading on Tuesday, reaching $39.11. 545,661 shares of the company’s stock traded hands, compared to its average volume of 539,357. The company has a market capitalization of $2.22 billion, a P/E ratio of 39.51, a PEG ratio of 2.24 and a beta of 0.30. The firm’s 50-day moving average is $36.59 and its 200 day moving average is $32.13. The Vita Coco Company, Inc. has a 1 year low of $20.64 and a 1 year high of $40.32.

Analysts Set New Price Targets

COCO has been the topic of a number of research analyst reports. 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 research note on Thursday, October 31st. Stephens cut 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 note on Monday, January 27th. 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 research note on Friday, December 6th. Finally, 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 research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have given 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 target price of $34.83.

Institutional Trading of Vita Coco

A number of institutional investors have recently modified their holdings of the business. Raymond James & Associates bought a new stake in Vita Coco during the 3rd quarter worth approximately $3,990,000. Allspring Global Investments Holdings LLC increased its holdings in Vita Coco by 18.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,269 shares of the company’s stock worth $1,310,000 after acquiring an additional 7,173 shares during the period. US Bancorp DE increased its holdings in Vita Coco by 8.5% during the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after acquiring an additional 1,178 shares during the period. Conestoga Capital Advisors LLC bought a new stake in Vita Coco during the 3rd quarter worth approximately $1,010,000. Finally, Harbor Capital Advisors Inc. increased its holdings in Vita Coco by 143.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock worth $9,668,000 after acquiring an additional 200,940 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

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.