The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Acquired by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. boosted its holdings in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 39.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,500 shares of the company's stock after buying an additional 65,800 shares during the period. Oberweis Asset Management Inc. owned approximately 0.41% of Vita Coco worth $8,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in shares of Vita Coco by 17.8% during the fourth quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company's stock valued at $104,414,000 after acquiring an additional 427,871 shares in the last quarter. Vanguard Group Inc. increased its stake in Vita Coco by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company's stock valued at $95,565,000 after purchasing an additional 11,712 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Vita Coco by 14.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company's stock worth $55,460,000 after buying an additional 185,692 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake 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 buying an additional 193,420 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Vita Coco by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company's stock valued at $29,494,000 after buying an additional 101,823 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vita Coco

In other news, Chairman Michael Kirban sold 20,000 shares of Vita Coco stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $34.57, for a total value of $691,400.00. Following the sale, the chairman now directly owns 2,006,229 shares of the company's stock, valued at $69,355,336.53. The trade was a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jonathan Burth sold 700 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $40.25, for a total value of $28,175.00. Following the sale, the chief operating officer now owns 104,108 shares of the company's stock, valued at $4,190,347. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,358 shares of company stock worth $2,865,456. 34.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Vita Coco Trading Up 0.3 %

Shares of NASDAQ COCO traded up $0.09 during trading on Friday, reaching $30.82. 524,082 shares of the company traded hands, compared to its average volume of 599,459. The Vita Coco Company, Inc. has a 12-month low of $23.40 and a 12-month high of $40.32. The stock has a market cap of $1.76 billion, a P/E ratio of 31.13, a PEG ratio of 2.25 and a beta of 0.38. The firm's fifty day simple moving average is $32.67 and its 200 day simple moving average is $34.22.

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.