Segall Bryant & Hamill LLC acquired a new position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 206,161 shares of the company's stock, valued at approximately $7,609,000. Segall Bryant & Hamill LLC owned 0.36% of Vita Coco at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Vita Coco by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company's stock worth $95,565,000 after purchasing an additional 11,712 shares during the period. Wasatch Advisors LP raised its position in Vita Coco by 299.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company's stock worth $67,972,000 after buying an additional 1,799,168 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Vita Coco by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company's stock worth $29,494,000 after acquiring an additional 101,823 shares during the period. State Street Corp boosted its holdings in shares of Vita Coco by 4.7% in the third quarter. State Street Corp now owns 876,774 shares of the company's stock valued at $24,821,000 after acquiring an additional 39,431 shares in the last quarter. Finally, Woodson Capital Management LP acquired a new position in shares of Vita Coco during the third quarter worth about $19,224,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on COCO shares. Bank of America lifted their price objective on Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Wells Fargo & Company decreased their price target on Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Stephens reiterated an "equal weight" rating and issued a $32.00 price objective on shares of Vita Coco in a research report on Thursday. Finally, The Goldman Sachs Group boosted their target price 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.57.
Read Our Latest Analysis on Vita Coco
Vita Coco Price Performance
Vita Coco stock traded up $0.80 during trading hours on Monday, hitting $30.65. The stock had a trading volume of 1,019,195 shares, compared to its average volume of 573,383. The Vita Coco Company, Inc. has a 1-year low of $23.00 and a 1-year high of $40.32. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.25 and a beta of 0.34. The stock's fifty day moving average is $36.04 and its two-hundred day moving average is $34.03.
Insider Buying and Selling
In other Vita Coco news, Director Ira Liran sold 20,235 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the sale, the director now owns 814,302 shares in the company, valued at approximately $32,629,081.14. This represents a 2.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jonathan Burth sold 4,052 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $37.60, for a total value of $152,355.20. Following the transaction, the chief operating officer now directly owns 104,108 shares of the company's stock, valued at $3,914,460.80. The trade was a 3.75 % decrease in their position. 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. Corporate insiders own 34.20% of the company's stock.
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.
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