Artisan Partners Limited Partnership Has $55.46 Million Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Artisan Partners Limited Partnership lifted its holdings in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,502,587 shares of the company's stock after buying an additional 185,692 shares during the period. Artisan Partners Limited Partnership owned approximately 2.65% of Vita Coco worth $55,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $29,000 after purchasing an additional 360 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Vita Coco in the 4th quarter valued at about $52,000. Venturi Wealth Management LLC acquired a new position in Vita Coco during the 4th quarter valued at about $66,000. Quest Partners LLC raised its position in shares of Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company's stock worth $99,000 after buying an additional 3,473 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Vita Coco in the 4th quarter worth approximately $220,000. 88.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Bank of America boosted their price target 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. Stephens restated an "equal weight" rating and set a $32.00 price objective on shares of Vita Coco in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Vita Coco from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Vita Coco has a consensus rating of "Moderate Buy" and an average target price of $34.57.

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Insider Activity at Vita Coco

In related news, COO Jonathan Burth sold 4,052 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $37.60, for a total transaction of $152,355.20. Following the completion of the sale, the chief operating officer now directly owns 104,108 shares in the company, valued at approximately $3,914,460.80. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ira Liran sold 20,235 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.07, for a total transaction of $810,816.45. Following the transaction, the director now directly owns 814,302 shares in the company, valued at $32,629,081.14. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,410 shares of company stock worth $3,017,811. 34.20% of the stock is owned by corporate insiders.

Vita Coco Trading Down 2.0 %

Shares of COCO traded down $0.62 during midday trading on Tuesday, hitting $30.03. The stock had a trading volume of 1,674,046 shares, compared to its average volume of 578,271. The business has a 50-day simple moving average of $35.89 and a two-hundred day simple moving average of $34.04. The firm has a market cap of $1.71 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $40.32.

Vita Coco 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.