Moody Aldrich Partners LLC Sells 94,270 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Moody Aldrich Partners LLC lowered its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 47.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,577 shares of the company's stock after selling 94,270 shares during the period. Moody Aldrich Partners LLC owned 0.18% of Vita Coco worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in COCO. Wasatch Advisors LP increased its stake 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 acquiring an additional 1,799,168 shares during the period. Geode Capital Management LLC raised its stake in Vita Coco by 10.8% in the third 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 in the last quarter. Victory Capital Management Inc. lifted its position in Vita Coco by 106.4% during the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company's stock worth $25,358,000 after purchasing an additional 461,748 shares during the period. State Street Corp increased its holdings in Vita Coco by 4.7% in the 3rd quarter. State Street Corp now owns 876,774 shares of the company's stock valued at $24,821,000 after buying an additional 39,431 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Vita Coco by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company's stock worth $21,623,000 after acquiring an additional 156,033 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Stephens downgraded Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 price objective for the company. in a research report on Monday, January 27th. Craig Hallum lifted their target price on Vita Coco from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company increased their target price on shares of Vita Coco from $33.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Vita Coco currently has an average rating of "Moderate Buy" and an average target price of $34.83.

Insider Buying and Selling

In other news, CFO Corey Baker sold 2,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $37.28, for a total value of $74,560.00. Following the transaction, the chief financial officer now directly owns 44,346 shares of the company's stock, valued at $1,653,218.88. The trade was a 4.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jonathan Burth sold 912 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $37.53, for a total value of $34,227.36. Following the sale, the chief operating officer now directly owns 104,108 shares of the company's stock, valued at $3,907,173.24. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,276 shares of company stock valued at $5,395,796 over the last 90 days. 34.20% of the stock is owned by insiders.

Vita Coco Trading Down 1.7 %

COCO traded down $0.64 on Friday, reaching $37.44. The stock had a trading volume of 774,851 shares, compared to its average volume of 458,584. The firm has a 50-day moving average of $36.00 and a 200-day moving average of $31.06. The Vita Coco Company, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $38.91. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 2.27 and a beta of 0.31.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. The company had revenue of $133.00 million during the quarter, compared to the consensus estimate of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Sell-side analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Vita Coco 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.