Cookson Peirce & Co. Inc. bought a new position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,409 shares of the company's stock, valued at approximately $790,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC grew its stake in Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company's stock valued at $29,000 after acquiring an additional 360 shares in the last quarter. West Coast Financial LLC grew its stake in Vita Coco by 1.2% during the 4th quarter. West Coast Financial LLC now owns 91,841 shares of the company's stock valued at $3,390,000 after acquiring an additional 1,109 shares in the last quarter. US Bancorp DE grew its stake in Vita Coco by 8.5% during the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company's stock valued at $424,000 after acquiring an additional 1,178 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Vita Coco by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 325,370 shares of the company's stock valued at $12,009,000 after acquiring an additional 1,329 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Vita Coco during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 88.49% of the company's stock.
Insider Transactions at Vita Coco
In other news, CMO Jane Prior sold 2,474 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.02, for a total value of $91,587.48. Following the transaction, the chief marketing officer now directly owns 130,751 shares in the company, valued at approximately $4,840,402.02. This represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Martin F. Roper sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $36.53, for a total transaction of $182,650.00. Following the completion of the transaction, the chief executive officer now owns 357,152 shares in the company, valued at approximately $13,046,762.56. This represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,632 shares of company stock worth $3,605,468. 34.20% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several analysts recently issued reports on COCO shares. The Goldman Sachs Group upped their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company dropped 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 note on Thursday, February 27th. Stephens lowered 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, 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 report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Vita Coco has an average rating of "Moderate Buy" and an average target price of $35.14.
Check Out Our Latest Report on Vita Coco
Vita Coco Stock Up 5.3 %
NASDAQ:COCO traded up $1.70 on Friday, hitting $33.86. The stock had a trading volume of 676,283 shares, compared to its average volume of 552,738. The company has a fifty day moving average price of $36.30 and a two-hundred day moving average price of $33.02. The Vita Coco Company, Inc. has a 1-year low of $23.00 and a 1-year high of $40.32. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 2.25 and a beta of 0.34.
About Vita Coco
(
Free Report)
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.
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