21,409 Shares in The Vita Coco Company, Inc. (NASDAQ:COCO) Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. acquired a new position in The Vita Coco Company, Inc. (NASDAQ:COCO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,409 shares of the company’s stock, valued at approximately $790,000.

Several other institutional investors have also bought and sold shares of the stock. Wasatch Advisors LP lifted its holdings in Vita Coco by 299.0% in the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock worth $67,972,000 after purchasing an additional 1,799,168 shares during the period. Geode Capital Management LLC lifted its holdings in Vita Coco by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock worth $29,494,000 after purchasing an additional 101,823 shares during the period. Victory Capital Management Inc. lifted its holdings in Vita Coco by 106.4% in the third 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 period. State Street Corp lifted its holdings in Vita Coco by 4.7% in the third 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 period. Finally, Woodson Capital Management LP bought a new stake in Vita Coco in the third quarter worth about $19,224,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Vita Coco Trading Down 0.9 %

NASDAQ COCO opened at $33.06 on Thursday. The stock’s 50-day moving average price is $36.44 and its two-hundred day moving average price is $32.91. The company has a market cap of $1.88 billion, a PE ratio of 33.39, a PEG ratio of 2.25 and a beta of 0.30. The Vita Coco Company, Inc. has a 1 year low of $23.00 and a 1 year high of $40.32.

Insiders Place Their Bets

In other Vita Coco news, CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $35.98, for a total transaction of $179,900.00. Following the transaction, the chief executive officer now owns 372,152 shares of the company’s stock, valued at $13,390,028.96. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ira Liran sold 30,000 shares of Vita Coco stock in a transaction dated 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 transaction, the director now directly owns 853,729 shares in the company, valued at approximately $30,375,677.82. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,632 shares of company stock worth $3,785,368. Company insiders own 34.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on COCO shares. The Goldman Sachs Group boosted their price target on shares of Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. 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. Stephens cut shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target on the stock. in a research report on Monday, January 27th. Finally, Bank of America boosted their price target 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vita Coco currently has a consensus rating of “Moderate Buy” and an average target price 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.