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 the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $40.02, for a total transaction of $68,954.46. Following the completion of the transaction, the director now directly owns 812,579 shares of the company’s stock, valued at $32,519,411.58. This trade represents a 0.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, February 14th, Ira Liran sold 20,235 shares of Vita Coco stock. The stock was sold at an average price of $40.07, for a total transaction 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 stock was sold at an average price of $35.58, for a total transaction of $1,067,400.00.

Vita Coco Price Performance

COCO opened at $37.58 on Friday. The Vita Coco Company, Inc. has a one year low of $20.64 and a one year high of $40.32. The company’s 50 day simple moving average is $36.73 and its 200-day simple moving average is $32.43. The stock has a market capitalization of $2.13 billion, a P/E ratio of 37.96, a price-to-earnings-growth ratio of 2.25 and a beta of 0.30.

Hedge Funds Weigh In On Vita Coco

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in Vita Coco by 200.6% in the third quarter. Barclays PLC now owns 69,504 shares of the company’s stock valued at $1,969,000 after acquiring an additional 46,385 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Vita Coco by 143.0% in the third quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after acquiring an additional 200,940 shares during the last quarter. Raymond James & Associates bought a new position in Vita Coco in the third quarter valued at approximately $3,990,000. Woodson Capital Management LP bought a new position in Vita Coco in the third quarter valued at approximately $19,224,000. Finally, Victory Capital Management Inc. boosted its stake in Vita Coco by 106.4% in the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after acquiring an additional 461,748 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COCO has been the topic of several research analyst reports. Bank of America upped their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Craig Hallum upped their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the stock 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 price objective on the stock. in a research note on Monday, January 27th. Finally, Wells Fargo & Company upped their price objective on shares of Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.83.

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.