The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP lifted its position in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,828,868 shares of the company's stock after acquiring an additional 427,871 shares during the period. Wasatch Advisors LP owned 4.99% of Vita Coco worth $104,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Vita Coco by 84.9% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $29,000 after buying an additional 360 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Vita Coco during the 4th quarter worth $52,000. Venturi Wealth Management LLC purchased a new position in shares of Vita Coco during the 4th quarter worth $66,000. Summit Investment Advisors Inc. grew its holdings in shares of Vita Coco by 9.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock valued at $152,000 after purchasing an additional 347 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Vita Coco during the fourth quarter worth about $220,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vita Coco

In other Vita Coco news, Director Ira Liran sold 20,235 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $40.07, for a total value of $810,816.45. Following the completion of the transaction, the director now owns 814,302 shares in the company, valued at $32,629,081.14. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jonathan Burth sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $32.69, for a total value of $326,900.00. Following the transaction, the chief operating officer now owns 94,108 shares in the company, valued at $3,076,390.52. This represents a 9.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,410 shares of company stock worth $3,017,811 in the last three months. 34.20% of the stock is owned by company insiders.

Vita Coco Stock Performance

Shares of NASDAQ COCO traded up $0.80 during trading on Friday, reaching $31.69. The stock had a trading volume of 517,527 shares, compared to its average volume of 593,618. The company has a market cap of $1.81 billion, a P/E ratio of 32.01, a PEG ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $40.32. The business's 50-day moving average price is $33.56 and its 200-day moving average price is $34.08.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on COCO shares. Wells Fargo & Company decreased their target price on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Stephens reiterated an "equal weight" rating and issued a $32.00 price objective on shares of Vita Coco in a report on Thursday, March 27th. Finally, The Goldman Sachs Group raised their target price on Vita Coco from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.