Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) Director Sells 1,723 Shares of Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 1,723 shares of Vita Coco stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.02, for a total transaction of $68,954.46. Following the sale, the director now owns 812,579 shares in the company, valued at approximately $32,519,411.58. This trade represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ira Liran also recently made the following trade(s):

• On Friday, February 14th, Ira Liran sold 20,235 shares of Vita Coco stock. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45.
• On Wednesday, February 12th, Ira Liran sold 300 shares of Vita Coco stock. The shares were sold at an average price of $40.02, for a total value of $12,006.00.
• On Thursday, December 19th, Ira Liran sold 30,000 shares of Vita Coco stock. The stock was sold at an average price of $35.58, for a total value of $1,067,400.00.

Vita Coco Stock Up 0.2 %

Vita Coco stock opened at $37.58 on Friday. The stock has a 50-day simple moving average of $36.73 and a 200 day simple moving average of $32.38. The stock has a market capitalization 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. The Vita Coco Company, Inc. has a 12-month low of $20.64 and a 12-month high of $40.32.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. 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 research report on Tuesday, January 7th. Craig Hallum boosted their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Stephens cut shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective on the stock. in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.83.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP increased its holdings in shares of Vita Coco by 17.8% in the fourth quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company’s stock valued at $104,414,000 after purchasing an additional 427,871 shares in the last quarter. Vanguard Group Inc. boosted its position in Vita Coco by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company’s stock valued at $95,565,000 after buying an additional 11,712 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Vita Coco by 14.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company’s stock valued at $55,460,000 after buying an additional 185,692 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Vita Coco by 15.7% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company’s stock worth $52,486,000 after acquiring an additional 193,420 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Vita Coco by 6.0% during the fourth 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 period. 88.49% of the stock is owned by institutional investors.

About Vita Coco

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.