The Vita Coco Company, Inc. (NASDAQ:COCO) Director Sells $68,954.46 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 1,723 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $40.02, for a total transaction of $68,954.46. Following the transaction, the director now owns 812,579 shares in the company, valued at approximately $32,519,411.58. This represents a 0.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $40.02, for a total transaction 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 transaction of $1,067,400.00.

Vita Coco Stock Performance

Shares of COCO opened at $37.58 on Friday. The company has a 50-day simple moving average of $36.73 and a 200-day simple moving average of $32.43. The firm has a market capitalization of $2.13 billion, a P/E ratio of 37.96, a P/E/G ratio of 2.25 and a beta of 0.30. The Vita Coco Company, Inc. has a 52 week low of $20.64 and a 52 week high of $40.32.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in COCO. Raymond James & Associates acquired a new position in shares of Vita Coco during the third quarter valued at about $3,990,000. Allspring Global Investments Holdings LLC raised its position in shares of Vita Coco by 18.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 46,269 shares of the company’s stock valued at $1,310,000 after buying an additional 7,173 shares during the last quarter. US Bancorp DE raised its position in Vita Coco by 8.5% in the third quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after purchasing an additional 1,178 shares in the last quarter. Conestoga Capital Advisors LLC acquired a new position in Vita Coco in the third quarter worth about $1,010,000. Finally, Harbor Capital Advisors Inc. raised its position in Vita Coco by 143.0% in the third quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock worth $9,668,000 after purchasing an additional 200,940 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

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

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.