The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $16,004.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 400 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $40.01, for a total transaction of $16,004.00. Following the completion of the sale, the chief operating officer now directly owns 104,108 shares of the company's stock, valued at $4,165,361.08. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Jonathan Burth also recently made the following trade(s):

• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The stock was sold at an average price of $37.60, for a total transaction of $152,355.20.
• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The shares were sold at an average price of $37.53, for a total transaction of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The shares were sold at an average price of $37.61, for a total transaction of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total transaction of $356,900.00.

Vita Coco Stock Down 1.8 %

COCO traded down $0.71 during trading on Tuesday, reaching $39.26. The company had a trading volume of 305,002 shares, compared to its average volume of 531,013. The stock has a market cap of $2.23 billion, a P/E ratio of 39.71, a PEG ratio of 2.24 and a beta of 0.30. The business has a 50 day simple moving average of $36.59 and a 200-day simple moving average of $32.13. The Vita Coco Company, Inc. has a 52 week low of $20.64 and a 52 week high of $40.32.

Institutional Trading of Vita Coco

A number of institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in Vita Coco by 17.8% in the fourth quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company's stock worth $104,414,000 after buying an additional 427,871 shares during the last quarter. Vanguard Group Inc. lifted its position in Vita Coco by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company's stock worth $95,565,000 after buying an additional 11,712 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Vita Coco by 14.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company's stock worth $55,460,000 after purchasing an additional 185,692 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Vita Coco by 15.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company's stock worth $52,486,000 after purchasing an additional 193,420 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Vita Coco by 6.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,130,117 shares of the company's stock worth $41,713,000 after purchasing an additional 64,011 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on COCO. Wells Fargo & Company increased their price objective on shares of Vita Coco from $33.00 to $40.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Bank of America raised 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. Stephens lowered shares of Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 target price for the company. in a report on Monday, January 27th. Finally, Craig Hallum raised their target price on shares of Vita Coco from $33.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Vita Coco has an average rating of "Moderate Buy" and a consensus price target of $34.83.

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.