Quantbot Technologies LP bought a new stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,987 shares of the company's stock, valued at approximately $1,291,000. Quantbot Technologies LP owned 0.06% of Vita Coco at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Wasatch Advisors LP raised its holdings in Vita Coco by 299.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company's stock valued at $67,972,000 after buying an additional 1,799,168 shares during the last quarter. Woodson Capital Management LP purchased a new position in Vita Coco during the 3rd quarter valued at about $19,224,000. Thrivent Financial for Lutherans bought a new position in Vita Coco during the 4th quarter valued at approximately $10,715,000. Raymond James Financial Inc. purchased a new stake in Vita Coco in the 4th quarter worth approximately $7,985,000. Finally, TT International Asset Management LTD grew its position in shares of Vita Coco by 1,643.7% in the 3rd quarter. TT International Asset Management LTD now owns 181,188 shares of the company's stock worth $5,129,000 after buying an additional 170,797 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
COCO has been the topic of several recent analyst reports. Bank of America lifted their price target 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 reiterated an "equal weight" rating and set a $32.00 price target on shares of Vita Coco in a research report on Thursday. The Goldman Sachs Group lifted their price objective on Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a research report 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 research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.57.
View Our Latest Report on COCO
Insider Activity
In other Vita Coco news, Director Ira Liran sold 20,235 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $40.07, for a total transaction of $810,816.45. Following the completion of the transaction, the director now owns 814,302 shares in the company, valued at $32,629,081.14. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 directly owns 104,108 shares in the company, 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. Insiders have sold 83,410 shares of company stock worth $3,017,811 in the last three months. Company insiders own 34.20% of the company's stock.
Vita Coco Stock Performance
Shares of COCO traded down $0.08 on Friday, hitting $29.85. 522,153 shares of the stock traded hands, compared to its average volume of 571,600. The Vita Coco Company, Inc. has a one year low of $23.00 and a one year high of $40.32. The company has a market capitalization of $1.70 billion, a PE ratio of 30.15, a P/E/G ratio of 2.25 and a beta of 0.34. The business has a 50 day simple moving average of $36.21 and a 200 day simple moving average of $33.87.
Vita Coco Company Profile
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Free Report)
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.
Further Reading
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