The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran Sells 20,235 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 20,235 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the transaction, the director now directly owns 814,302 shares of the company’s stock, valued at approximately $32,629,081.14. This trade represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 Trading Down 2.2 %

NASDAQ:COCO traded down $0.86 during mid-day trading on Tuesday, hitting $39.11. The stock had a trading volume of 545,661 shares, compared to its average volume of 539,357. The stock has a 50-day simple moving average of $36.59 and a two-hundred day simple moving average of $32.13. The company has a market capitalization of $2.22 billion, a PE ratio of 39.51, a PEG ratio of 2.24 and a beta of 0.30. The Vita Coco Company, Inc. has a twelve month low of $20.64 and a twelve month high of $40.32.

Institutional Trading of Vita Coco

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after acquiring an additional 360 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in Vita Coco by 91.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock valued at $47,000 after acquiring an additional 613 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Vita Coco during the fourth quarter worth approximately $52,000. Venturi Wealth Management LLC acquired a new stake in Vita Coco during the fourth quarter worth approximately $66,000. Finally, Quest Partners LLC raised its holdings in Vita Coco by 16,538.1% during the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after purchasing an additional 3,473 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Bank of America increased their target price on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Stephens lowered 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 research note on Monday, January 27th. Wells Fargo & Company raised their price objective on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Craig Hallum raised their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Vita Coco presently has a consensus 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.