The Vita Coco Company, Inc. (NASDAQ:COCO) Stock Holdings Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 82.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 31,481 shares of the company's stock after selling 150,351 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.06% of Vita Coco worth $769,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moran Wealth Management LLC lifted its holdings in shares of Vita Coco by 7.0% in the 4th quarter. Moran Wealth Management LLC now owns 9,473 shares of the company's stock valued at $243,000 after buying an additional 619 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Vita Coco by 5.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,126 shares of the company's stock valued at $337,000 after purchasing an additional 638 shares in the last quarter. Headinvest LLC purchased a new position in shares of Vita Coco in the 3rd quarter valued at about $29,000. Versor Investments LP increased its stake in shares of Vita Coco by 9.9% in the 4th quarter. Versor Investments LP now owns 14,086 shares of the company's stock valued at $361,000 after purchasing an additional 1,274 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Vita Coco in the 4th quarter valued at about $60,000. Institutional investors and hedge funds own 88.49% of the company's stock.

Insiders Place Their Bets

In other Vita Coco news, insider Es Charles Van sold 6,700 shares of the company's stock in a transaction on Monday, June 17th. The stock was sold at an average price of $30.04, for a total transaction of $201,268.00. Following the transaction, the insider now directly owns 97,668 shares in the company, valued at $2,933,946.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vita Coco news, COO Jonathan Burth sold 2,845 shares of the company's stock in a transaction on Friday, June 14th. The stock was sold at an average price of $30.07, for a total transaction of $85,549.15. Following the transaction, the chief operating officer now directly owns 134,004 shares in the company, valued at $4,029,500.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Es Charles Van sold 6,700 shares of the company's stock in a transaction on Monday, June 17th. The stock was sold at an average price of $30.04, for a total value of $201,268.00. Following the sale, the insider now directly owns 97,668 shares in the company, valued at approximately $2,933,946.72. The disclosure for this sale can be found here. Insiders have sold 27,502 shares of company stock worth $814,205 over the last ninety days. Corporate insiders own 34.20% of the company's stock.

Vita Coco Trading Down 0.9 %

NASDAQ:COCO traded down $0.27 during trading hours on Tuesday, hitting $28.25. 476,043 shares of the stock were exchanged, compared to its average volume of 673,106. The Vita Coco Company, Inc. has a 52-week low of $19.41 and a 52-week high of $33.29. The firm's fifty day moving average price is $27.68 and its 200 day moving average price is $25.12. The company has a market cap of $1.60 billion, a P/E ratio of 30.71, a P/E/G ratio of 1.78 and a beta of 0.23.

Vita Coco (NASDAQ:COCO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. Vita Coco had a return on equity of 26.27% and a net margin of 10.93%. The business had revenue of $112.00 million during the quarter, compared to analyst estimates of $111.72 million. During the same period in the prior year, the business earned $0.12 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that The Vita Coco Company, Inc. will post 1.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stephens restated an "overweight" rating and issued a $31.00 price target on shares of Vita Coco in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.67.

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.