The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 10,000 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 10,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $32.69, for a total value of $326,900.00. Following the sale, the chief operating officer now owns 94,108 shares of the company’s stock, valued at $3,076,390.52. This represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan Burth also recently made the following trade(s):

• On Friday, February 14th, Jonathan Burth sold 700 shares of Vita Coco stock. The stock was sold at an average price of $40.25, for a total value of $28,175.00.
• On Wednesday, February 12th, Jonathan Burth sold 400 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total value of $16,004.00.
• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The shares were sold at an average price of $37.60, for a total value of $152,355.20.
• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The shares were sold at an average price of $37.53, for a total value of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The shares were sold at an average price of $37.61, for a total value of $557,981.96.

Vita Coco Stock Performance

Shares of COCO opened at $33.86 on Friday. The company has a market capitalization of $1.93 billion, a P/E ratio of 34.20, a P/E/G ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a one year low of $23.00 and a one year high of $40.32. The stock has a 50-day moving average price of $36.30 and a 200 day moving average price of $32.96.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of COCO. GAMMA Investing LLC lifted its holdings in Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after buying an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in Vita Coco by 91.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock worth $47,000 after buying an additional 613 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Vita Coco during the 4th quarter worth approximately $52,000. Venturi Wealth Management LLC bought a new position in Vita Coco during the 4th quarter worth approximately $66,000. Finally, Quest Partners LLC lifted its holdings in Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after buying an additional 3,473 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on COCO. Wells Fargo & Company lowered their target price on Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group increased their target price on Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Stephens lowered Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price for the company. in a research note on Monday, January 27th. Finally, 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 report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.14.

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.