The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,041 shares of the company's stock after selling 16,209 shares during the quarter. Sei Investments Co. owned 0.12% of Vita Coco worth $2,511,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $29,000 after purchasing an additional 360 shares in the last quarter. Moran Wealth Management LLC grew its holdings in Vita Coco by 4.8% during the 4th quarter. Moran Wealth Management LLC now owns 19,075 shares of the company's stock valued at $704,000 after buying an additional 871 shares during the last quarter. West Coast Financial LLC increased its position in Vita Coco by 1.2% during the fourth quarter. West Coast Financial LLC now owns 91,841 shares of the company's stock worth $3,390,000 after buying an additional 1,109 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Vita Coco by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,370 shares of the company's stock worth $12,009,000 after acquiring an additional 1,329 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Vita Coco in the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 88.49% of the company's stock.

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Insider Buying and Selling at Vita Coco

In related news, COO Jonathan Burth sold 4,052 shares of the 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 approximately $3,914,460.80. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ira Liran sold 20,235 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $40.07, for a total value of $810,816.45. Following the sale, the director now directly owns 814,302 shares of the company's stock, valued at approximately $32,629,081.14. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,410 shares of company stock worth $3,017,811 in the last quarter. 34.20% of the stock is owned by insiders.

Vita Coco Stock Up 12.2 %

Shares of COCO traded up $3.39 during mid-day trading on Wednesday, hitting $31.28. The company had a trading volume of 1,030,584 shares, compared to its average volume of 590,005. The Vita Coco Company, Inc. has a 1-year low of $23.00 and a 1-year high of $40.32. The business's 50-day simple moving average is $34.49 and its 200-day simple moving average is $34.01. The stock has a market cap of $1.78 billion, a PE ratio of 31.60, a P/E/G ratio of 2.25 and a beta of 0.38.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COCO. Wells Fargo & Company dropped their price objective 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. Stephens reissued an "equal weight" rating and issued a $32.00 price objective on shares of Vita Coco in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.57.

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.