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 Vita Coco stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $32.69, for a total transaction of $326,900.00. Following the completion of the transaction, the chief operating officer now owns 94,108 shares of the company’s stock, valued at $3,076,390.52. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, February 14th, Jonathan Burth sold 700 shares of Vita Coco stock. The shares were sold at an average price of $40.25, for a total transaction 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 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 shares were 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 shares were sold at an average price of $37.61, for a total transaction of $557,981.96.

Vita Coco Stock Down 0.9 %

Shares of NASDAQ:COCO opened at $33.06 on Thursday. The company’s 50 day moving average price is $36.44 and its two-hundred day moving average price is $32.91. The Vita Coco Company, Inc. has a 12-month low of $23.00 and a 12-month high of $40.32. The firm 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.

Institutional Trading of Vita Coco

Several large investors have recently made changes to their positions in COCO. GAMMA Investing LLC boosted its position in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after buying an additional 360 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of Vita Coco by 91.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock valued at $47,000 after acquiring an additional 613 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Vita Coco during the fourth quarter valued at $52,000. Venturi Wealth Management LLC bought a new position in Vita Coco during the fourth quarter worth $66,000. Finally, Quest Partners LLC raised its stake in Vita Coco by 16,538.1% during the third 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 and hedge funds own 88.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on COCO shares. The Goldman Sachs Group upped their target price on shares of Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Stephens lowered shares of 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. Bank of America upped their target price on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company cut 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.