The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran Sells 300 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 300 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $40.02, for a total value of $12,006.00. Following the completion of the transaction, the director now directly owns 853,429 shares in the company, valued at approximately $34,154,228.58. This represents a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 Down 0.8 %

COCO opened at $39.97 on Friday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 40.37, a PEG ratio of 2.24 and a beta of 0.30. The firm has a 50-day moving average price of $36.52 and a 200-day moving average price of $32.00. The Vita Coco Company, Inc. has a twelve month low of $20.64 and a twelve month high of $40.32.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COCO. Jane Street Group LLC lifted its position in shares of Vita Coco by 1.3% during the fourth quarter. Jane Street Group LLC now owns 82,108 shares of the company’s stock worth $3,031,000 after acquiring an additional 1,078 shares in the last quarter. Voleon Capital Management LP bought a new stake in shares of Vita Coco during the 4th quarter valued at $562,000. PDT Partners LLC raised its stake in shares of Vita Coco by 69.3% during the 4th quarter. PDT Partners LLC now owns 27,498 shares of the company’s stock valued at $1,015,000 after purchasing an additional 11,260 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in Vita Coco during the 4th quarter worth about $746,000. Finally, Northern Trust Corp boosted its stake in Vita Coco by 8.2% in the 4th quarter. Northern Trust Corp now owns 411,173 shares of the company’s stock worth $15,176,000 after purchasing an additional 31,050 shares during the period. 88.49% of the stock is currently owned by hedge funds and other 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.