The Vita Coco Company, Inc. (NASDAQ:COCO) Chairman Michael Kirban Sells 20,000 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Chairman Michael Kirban sold 20,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $34.57, for a total transaction of $691,400.00. Following the transaction, the chairman now owns 2,006,229 shares of the company's stock, valued at approximately $69,355,336.53. This represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Kirban also recently made the following trade(s):

• On Wednesday, March 19th, Michael Kirban sold 6,000 shares of Vita Coco stock. The stock was sold at an average price of $35.00, for a total transaction of $210,000.00.
• On Monday, March 17th, Michael Kirban sold 20,000 shares of Vita Coco stock. The stock was sold at an average price of $35.06, for a total transaction of $701,200.00.

Vita Coco Trading Down 0.2 %

NASDAQ COCO traded down $0.06 on Friday, hitting $35.51. 697,142 shares of the company were exchanged, compared to its average volume of 549,736. The company has a market cap of $2.02 billion, a PE ratio of 35.87, a PEG ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a 12 month low of $23.00 and a 12 month high of $40.32. The stock has a fifty day moving average of $36.31 and a 200-day moving average of $33.69.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vita Coco by 1.6% during the fourth 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 acquiring an additional 2,587 shares in the last quarter. Woodson Capital Management LP raised its holdings 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 buying an additional 30,553 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in Vita Coco during the fourth quarter worth $323,000. Millennium Management LLC raised its holdings 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Vita Coco by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company's stock worth $824,000 after buying an additional 842 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on COCO shares. 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. Wells Fargo & Company reduced their price objective on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Bank of America upped their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Finally, Stephens lowered shares of Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 price objective on the stock. in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $35.14.

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.