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 company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.25, for a total value of $28,175.00. Following the completion of the sale, the chief operating officer now owns 104,108 shares in the company, valued at $4,190,347. This represents a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $16,004.00.
• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The shares were sold at an average price of $37.60, for a total value 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 shares were 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 5.5 %

NASDAQ COCO opened at $37.50 on Friday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.35 and a beta of 0.30. The Vita Coco Company, Inc. has a 1-year low of $20.64 and a 1-year high of $40.32. The company has a 50 day moving average of $36.71 and a 200-day moving average of $32.30.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target 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. Craig Hallum increased their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target for the company. in a research note on Monday, January 27th. Finally, Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.83.

Hedge Funds Weigh In On Vita Coco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Vita Coco by 1.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,555 shares of the company’s stock worth $6,111,000 after purchasing an additional 2,587 shares in the last quarter. Woodson Capital Management LP lifted its position 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 purchasing an additional 30,553 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Vita Coco during the fourth quarter worth about $323,000. Millennium Management LLC grew its stake in Vita Coco by 24.9% during the fourth quarter. Millennium Management LLC now owns 25,515 shares of the company’s stock worth $942,000 after buying an additional 5,087 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vita Coco by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company’s stock valued at $824,000 after buying an additional 842 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

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.