State Street Corp Has $24.82 Million Position in The Vita Coco Company, Inc. (NASDAQ:COCO)

State Street Corp grew its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 876,774 shares of the company's stock after acquiring an additional 39,431 shares during the quarter. State Street Corp owned 1.55% of Vita Coco worth $24,821,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. nVerses Capital LLC raised its holdings in Vita Coco by 271.4% in the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company's stock valued at $72,000 after acquiring an additional 1,900 shares in the last quarter. Quest Partners LLC increased its position in shares of Vita Coco by 16,538.1% in the third quarter. Quest Partners LLC now owns 3,494 shares of the company's stock worth $99,000 after purchasing an additional 3,473 shares during the period. ProShare Advisors LLC acquired a new position in Vita Coco in the second quarter valued at about $141,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vita Coco by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company's stock worth $199,000 after purchasing an additional 1,434 shares during the period. Finally, LVW Advisors LLC acquired a new stake in Vita Coco during the third quarter worth about $209,000. 88.49% of the stock is owned by institutional investors.

Vita Coco Stock Up 0.5 %

Shares of NASDAQ:COCO traded up $0.19 during trading on Monday, hitting $36.05. 791,295 shares of the company were exchanged, compared to its average volume of 601,468. The Vita Coco Company, Inc. has a 1-year low of $19.41 and a 1-year high of $37.88. The company has a market capitalization of $2.05 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 2.42 and a beta of 0.31. The business's 50 day moving average is $34.06 and its 200-day moving average is $29.57.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.06. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm had revenue of $133.00 million for the quarter, compared to analyst estimates of $138.56 million. During the same period last year, the firm posted $0.26 earnings per share. The business's revenue for the quarter was down 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Insiders Place Their Bets

In other Vita Coco news, Director Ira Liran sold 30,000 shares of the company's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $35.58, for a total value of $1,067,400.00. Following the sale, the director now owns 853,729 shares in the company, valued at approximately $30,375,677.82. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jonathan Burth sold 905 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $30.04, for a total value of $27,186.20. Following the transaction, the chief operating officer now owns 123,300 shares of the company's stock, valued at $3,703,932. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 150,173 shares of company stock valued at $5,392,026 in the last ninety days. 34.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

COCO has been the subject of several analyst reports. Craig Hallum upped their price target on shares of Vita Coco from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Bank of America raised their target price on Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Vita Coco has an average rating of "Moderate Buy" and a consensus price target of $32.14.

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.