The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Acquired by Barclays PLC

Barclays PLC grew its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 200.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,504 shares of the company's stock after purchasing an additional 46,385 shares during the quarter. Barclays PLC owned approximately 0.12% of Vita Coco worth $1,969,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arizona State Retirement System raised its position in Vita Coco by 9.5% in the 2nd quarter. Arizona State Retirement System now owns 11,107 shares of the company's stock valued at $309,000 after purchasing an additional 960 shares during the last quarter. US Bancorp DE increased its stake in Vita Coco by 8.5% in the third quarter. US Bancorp DE now owns 14,968 shares of the company's stock valued at $424,000 after purchasing an additional 1,178 shares during the period. Captrust Financial Advisors raised its holdings in shares of Vita Coco by 7.2% in the third quarter. Captrust Financial Advisors now owns 21,291 shares of the company's stock valued at $603,000 after buying an additional 1,433 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Vita Coco by 25.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company's stock valued at $199,000 after buying an additional 1,434 shares during the last quarter. Finally, nVerses Capital LLC boosted its stake in shares of Vita Coco by 271.4% during the second quarter. nVerses Capital LLC now owns 2,600 shares of the company's stock worth $72,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 88.49% of the company's stock.

Vita Coco Stock Performance

Shares of COCO stock remained flat at $36.34 during trading hours on Friday. The stock had a trading volume of 215,612 shares, compared to its average volume of 596,427. The business's 50-day simple moving average is $34.47 and its 200 day simple moving average is $29.72. The firm has a market cap of $2.06 billion, a P/E ratio of 36.71, a P/E/G ratio of 2.42 and a beta of 0.31. The Vita Coco Company, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $37.88.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06. The firm had revenue of $133.00 million during the quarter, compared to analysts' expectations of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. Vita Coco's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. Sell-side analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Analysts Set New Price Targets

COCO has been the topic of several recent research reports. Craig Hallum boosted their price target on Vita Coco from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Bank of America boosted their target price on Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.14.

Insider Activity

In other Vita Coco news, COO Jonathan Burth sold 2,244 shares of the business's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $30.01, for a total transaction of $67,342.44. Following the sale, the chief operating officer now directly owns 124,605 shares in the company, valued at approximately $3,739,396.05. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Martin F. Roper sold 5,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $35.35, for a total value of $176,750.00. Following the completion of the transaction, the chief executive officer now owns 447,452 shares of the company's stock, valued at approximately $15,817,428.20. This represents a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 150,173 shares of company stock worth $5,392,026 in the last 90 days. 34.20% of the stock is currently owned by corporate insiders.

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.