Jonathan Burth Sells 700 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 700 shares of the firm'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 transaction of $28,175.00. Following the transaction, the chief operating officer now directly owns 104,108 shares of the company's stock, valued at $4,190,347. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jonathan Burth also recently made the following trade(s):

• On Wednesday, February 12th, Jonathan Burth sold 400 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total transaction of $16,004.00.
• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The shares were sold at an average price of $37.60, for a total transaction of $152,355.20.
• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The shares were sold at an average price of $37.53, for a total transaction of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The shares were sold at an average price of $37.61, for a total transaction of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total transaction of $356,900.00.

Vita Coco Trading Up 0.2 %

COCO traded up $0.08 on Friday, hitting $37.58. 718,168 shares of the company's stock were exchanged, compared to its average volume of 566,669. The Vita Coco Company, Inc. has a fifty-two week low of $20.64 and a fifty-two week high of $40.32. The firm has a 50-day moving average price of $36.71 and a 200-day moving average price of $32.30. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.38 and a beta of 0.30.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Bank of America lifted their target price 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 cut shares of Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 price target on the stock. in a research note on Monday, January 27th. Wells Fargo & Company lifted their price target on shares of Vita Coco from $33.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Finally, Craig Hallum lifted their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Vita Coco currently has an average rating of "Moderate Buy" and a consensus price target of $34.83.

Institutional Investors Weigh In On Vita Coco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP boosted its stake in Vita Coco by 17.8% during the 4th quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company's stock worth $104,414,000 after purchasing an additional 427,871 shares during the last quarter. Vanguard Group Inc. boosted its stake in Vita Coco by 0.5% during the 4th 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 last quarter. Artisan Partners Limited Partnership boosted its position in shares of Vita Coco by 14.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company's stock valued at $55,460,000 after acquiring an additional 185,692 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Vita Coco by 15.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company's stock valued at $52,486,000 after acquiring an additional 193,420 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Vita Coco by 6.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,130,117 shares of the company's stock valued at $41,713,000 after acquiring an additional 64,011 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

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.