Russell Investments Group Ltd. trimmed its position in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,486 shares of the company's stock after selling 13,443 shares during the quarter. Russell Investments Group Ltd. owned 0.23% of Vita Coco worth $4,742,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Vita Coco by 0.5% in 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 during the period. Artisan Partners Limited Partnership boosted its holdings in Vita Coco by 14.1% in the 4th 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 increased 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 in the last quarter. Geode Capital Management LLC raised its stake in Vita Coco by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company's stock valued at $29,494,000 after purchasing an additional 101,823 shares during the last quarter. Finally, State Street Corp boosted its stake in Vita Coco by 4.7% during the 3rd quarter. State Street Corp now owns 876,774 shares of the company's stock worth $24,821,000 after purchasing an additional 39,431 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.
Analyst Ratings Changes
COCO has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of Vita Coco from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Stephens restated an "equal weight" rating and issued a $32.00 price target on shares of Vita Coco in a research report on Thursday, March 27th. Finally, Wells Fargo & Company reduced their price objective on Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $34.57.
View Our Latest Stock Report on COCO
Vita Coco Stock Performance
Shares of NASDAQ COCO traded up $0.80 during trading on Friday, reaching $31.69. The stock had a trading volume of 517,527 shares, compared to its average volume of 592,400. The company has a market cap of $1.81 billion, a P/E ratio of 32.01, a PEG ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $40.32. The business's 50-day moving average price is $33.71 and its 200-day moving average price is $34.06.
Insider Activity at Vita Coco
In other Vita Coco news, Director Ira Liran sold 20,235 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.07, for a total value of $810,816.45. Following the sale, the director now owns 814,302 shares of the company's stock, valued at $32,629,081.14. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jonathan Burth sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $32.69, for a total transaction of $326,900.00. Following the sale, the chief operating officer now owns 94,108 shares in the company, valued at $3,076,390.52. The trade was a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,410 shares of company stock worth $3,017,811 in the last three months. 34.20% of the stock is owned by company insiders.
About Vita Coco
(
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.
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