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 company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $40.02, for a total value of $12,006.00. Following the sale, the director now owns 853,429 shares in the company, valued at approximately $34,154,228.58. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $35.58, for a total value of $1,067,400.00.

Vita Coco Price Performance

Shares of NASDAQ COCO opened at $39.97 on Friday. The Vita Coco Company, Inc. has a one year low of $20.64 and a one year high of $40.32. The firm’s 50 day simple moving average is $36.44 and its two-hundred day simple moving average is $31.83. The stock has a market capitalization of $2.27 billion, a P/E ratio of 40.37, a PEG ratio of 2.24 and a beta of 0.30.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price target on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research 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 research 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 on the stock. in a research report on Monday, January 27th. Finally, Bank of America upped their price objective 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of COCO. Wasatch Advisors LP grew its position 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 acquiring an additional 1,799,168 shares during the last quarter. Woodson Capital Management LP bought a new position in Vita Coco during the third quarter valued at approximately $19,224,000. Victory Capital Management Inc. grew its position in Vita Coco by 106.4% during the third 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 during the last quarter. Thrivent Financial for Lutherans bought a new position in Vita Coco during the fourth quarter valued at approximately $10,715,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Vita Coco during the fourth quarter valued at approximately $7,985,000. 88.49% of the stock is currently owned by 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.