Vanguard Group Inc. lifted its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,589,134 shares of the company's stock after buying an additional 11,712 shares during the period. Vanguard Group Inc. owned approximately 4.56% of Vita Coco worth $95,565,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in Vita Coco in the 4th quarter valued at $399,000. Quantbot Technologies LP acquired a new stake in Vita Coco during the fourth quarter worth about $1,291,000. Teacher Retirement System of Texas acquired a new position in Vita Coco in the 4th quarter valued at about $2,169,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Vita Coco in the 4th quarter valued at approximately $457,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Vita Coco during the 4th quarter worth approximately $10,715,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Vita Coco
In other news, Chairman Michael Kirban sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $35.00, for a total value of $210,000.00. Following the completion of the sale, the chairman now directly owns 1,663,049 shares of the company's stock, valued at $58,206,715. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jonathan Burth sold 4,052 shares of the business's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $37.60, for a total transaction of $152,355.20. Following the sale, the chief operating officer now owns 104,108 shares in the company, valued at $3,914,460.80. The trade was a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,410 shares of company stock valued at $3,017,811 over the last three months. 34.20% of the stock is owned by corporate insiders.
Vita Coco Trading Up 0.7 %
NASDAQ:COCO traded up $0.20 during trading hours on Tuesday, hitting $31.58. The company's stock had a trading volume of 107,437 shares, compared to its average volume of 589,877. The Vita Coco Company, Inc. has a 52-week low of $23.00 and a 52-week high of $40.32. The stock has a market capitalization of $1.80 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38. The stock has a fifty day moving average of $34.12 and a 200-day moving average of $34.07.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Stephens reiterated an "equal weight" rating and issued a $32.00 price objective on shares of Vita Coco in a research report on Thursday, March 27th. The Goldman Sachs Group boosted their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their target price on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.57.
Check Out Our Latest Analysis on Vita Coco
Vita Coco Profile
(
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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