Skandinaviska Enskilda Banken AB publ Has $1.47 Million Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Skandinaviska Enskilda Banken AB publ reduced its position in The Vita Coco Company, Inc. (NASDAQ:COCO) by 44.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,500 shares of the company’s stock after selling 32,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Vita Coco were worth $1,473,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Wasatch Advisors LP lifted its stake in shares of Vita Coco by 299.0% in the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after buying an additional 1,799,168 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vita Coco by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock worth $29,494,000 after acquiring an additional 101,823 shares during the last quarter. Victory Capital Management Inc. lifted its position in Vita Coco by 106.4% in the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after acquiring an additional 461,748 shares in the last quarter. State Street Corp boosted its stake in Vita Coco by 4.7% during the 3rd quarter. State Street Corp now owns 876,774 shares of the company’s stock valued at $24,821,000 after purchasing an additional 39,431 shares during the last quarter. Finally, Woodson Capital Management LP bought a new stake in Vita Coco during the 3rd quarter worth approximately $19,224,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stephens lowered Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price on the stock. in a report on Monday, January 27th. The Goldman Sachs Group raised their price objective on Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Bank of America upped 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. Finally, Wells Fargo & Company dropped their price target on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.14.

Insider Buying and Selling

In related news, Director Ira Liran sold 30,000 shares of Vita Coco stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $35.58, for a total value of $1,067,400.00. Following the sale, the director now owns 853,729 shares of the company’s stock, valued at approximately $30,375,677.82. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jonathan Burth sold 10,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $32.69, for a total value of $326,900.00. Following the transaction, the chief operating officer now directly owns 94,108 shares of the company’s stock, valued at approximately $3,076,390.52. This trade represents a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,410 shares of company stock valued at $2,482,611. 34.20% of the stock is owned by insiders.

Vita Coco Price Performance

Shares of NASDAQ:COCO opened at $35.26 on Tuesday. The Vita Coco Company, Inc. has a 1 year low of $23.00 and a 1 year high of $40.32. The company has a market capitalization of $2.01 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34. The business has a fifty day moving average price of $36.21 and a two-hundred day moving average price of $33.48.

Vita Coco 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.