The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 17.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,319 shares of the company’s stock after purchasing an additional 2,425 shares during the quarter. Bleakley Financial Group LLC’s holdings in Vita Coco were worth $602,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wasatch Advisors LP boosted its stake in Vita Coco by 299.0% during 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 boosted its position in shares of Vita Coco by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock valued at $29,494,000 after purchasing an additional 101,823 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Vita Coco by 106.4% in the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after purchasing an additional 461,748 shares during the last quarter. State Street Corp grew its stake in shares of Vita Coco by 4.7% in the 3rd quarter. State Street Corp now owns 876,774 shares of the company’s stock worth $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 third quarter worth approximately $19,224,000. Institutional investors own 88.49% of the company’s stock.

Vita Coco Stock Up 0.6 %

Shares of Vita Coco stock opened at $37.54 on Monday. The Vita Coco Company, Inc. has a 12 month low of $19.85 and a 12 month high of $38.91. The stock has a market cap of $2.13 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. The business has a fifty day simple moving average of $36.14 and a 200-day simple moving average of $31.45.

Insider Buying and Selling

In other Vita Coco news, CEO Martin F. Roper sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $35.07, for a total value of $175,350.00. Following the transaction, the chief executive officer now owns 437,152 shares in the company, valued at approximately $15,330,920.64. This represents a 1.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jonathan Burth sold 912 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $37.53, for a total transaction of $34,227.36. Following the completion of the sale, the chief operating officer now owns 104,108 shares of the company’s stock, valued at approximately $3,907,173.24. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,100 shares of company stock valued at $4,060,373. Corporate insiders own 34.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on COCO shares. Craig Hallum upped their price target on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. 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 research report on Monday, January 27th. Bank of America increased their price target on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company boosted their price objective on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.83.

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.