The Vita Coco Company, Inc. (NASDAQ:COCO) Director Sells $810,816.45 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 20,235 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the sale, the director now directly owns 814,302 shares in the company, valued at approximately $32,629,081.14. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 Stock Down 2.2 %

NASDAQ:COCO traded down $0.86 during midday trading on Tuesday, reaching $39.11. The stock had a trading volume of 545,661 shares, compared to its average volume of 539,357. The firm has a fifty day simple moving average of $36.59 and a two-hundred day simple moving average of $32.13. The Vita Coco Company, Inc. has a 12-month low of $20.64 and a 12-month high of $40.32. The stock has a market cap of $2.22 billion, a P/E ratio of 39.51, a P/E/G ratio of 2.24 and a beta of 0.30.

Analyst Ratings Changes

COCO has been the topic of a number of recent research reports. Wells Fargo & Company lifted 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 lifted 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. 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 report on Monday, January 27th. Finally, Craig Hallum lifted 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 analysts have rated the stock with a hold rating and three have assigned 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.

Hedge Funds Weigh In On Vita Coco

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