Thrivent Financial for Lutherans Purchases Shares of 290,309 The Vita Coco Company, Inc. (NASDAQ:COCO)

Thrivent Financial for Lutherans purchased a new stake in The Vita Coco Company, Inc. (NASDAQ:COCO) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 290,309 shares of the company’s stock, valued at approximately $10,715,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted 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 period. Woodson Capital Management LP purchased a new position in Vita Coco in the 3rd quarter valued at approximately $19,224,000. Lord Abbett & CO. LLC boosted its position in Vita Coco by 21.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company’s stock valued at $13,034,000 after buying an additional 80,128 shares during the period. Cookson Peirce & Co. Inc. purchased a new stake in shares of Vita Coco during the 4th quarter worth $790,000. Finally, AlphaQuest LLC lifted its position in shares of Vita Coco by 712.3% during the 4th quarter. AlphaQuest LLC now owns 28,382 shares of the company’s stock worth $1,048,000 after purchasing an additional 24,888 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Insider Buying and Selling

In other Vita Coco news, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction on Friday, February 14th. The shares were sold at an average price of $40.07, for a total value of $810,816.45. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jonathan Burth sold 10,000 shares of Vita Coco stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $32.69, for a total transaction of $326,900.00. Following the completion of the transaction, the chief operating officer now owns 94,108 shares in the company, valued at approximately $3,076,390.52. This represents a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,410 shares of company stock worth $3,017,811 in the last ninety days. 34.20% of the stock is owned by corporate insiders.

Vita Coco Price Performance

Shares of NASDAQ:COCO opened at $35.51 on Friday. The company’s fifty day moving average price is $36.31 and its 200 day moving average price is $33.69. The Vita Coco Company, Inc. has a 12 month low of $23.00 and a 12 month high of $40.32. The firm has a market capitalization of $2.02 billion, a P/E ratio of 35.87, a P/E/G ratio of 2.25 and a beta of 0.34.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group lifted their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Bank of America lifted their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Stephens cut shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective for the company. in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Vita Coco has an average rating of “Moderate Buy” and a consensus price target of $35.14.

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.