Jonathan Burth Sells 700 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 700 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $40.25, for a total transaction of $28,175.00. Following the sale, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $4,190,347. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $16,004.00.
• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The stock was sold at an average price of $37.60, for a total transaction of $152,355.20.
• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The stock was sold at an average price of $37.53, for a total transaction of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The stock was sold at an average price of $37.61, for a total value of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $35.69, for a total value of $356,900.00.

Vita Coco Price Performance

NASDAQ COCO opened at $39.65 on Thursday. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 40.05, a PEG ratio of 2.40 and a beta of 0.30. The Vita Coco Company, Inc. has a one year low of $20.64 and a one year high of $40.32. The business’s fifty day moving average is $36.70 and its 200-day moving average is $32.27.

Analyst Ratings Changes

A number of brokerages recently issued reports on COCO. Wells Fargo & Company increased their target price on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Craig Hallum increased their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Stephens cut 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. Finally, Bank of America raised their price objective on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.83.

Institutional Investors Weigh In On Vita Coco

A number of hedge funds have recently made changes to their positions in the business. Summit Investment Advisors Inc. raised its stake in shares of Vita Coco by 9.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company’s stock worth $152,000 after purchasing an additional 347 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 360 shares during the period. Coppell Advisory Solutions LLC raised its stake in shares of 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 purchasing an additional 613 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Vita Coco by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company’s stock worth $824,000 after purchasing an additional 842 shares during the period. Finally, Moran Wealth Management LLC raised its stake in shares of Vita Coco by 4.8% during the 4th quarter. Moran Wealth Management LLC now owns 19,075 shares of the company’s stock worth $704,000 after purchasing an additional 871 shares during the period. 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.