The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 400 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 400 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $40.01, for a total transaction of $16,004.00. Following the sale, the chief operating officer now owns 104,108 shares in the company, valued at approximately $4,165,361.08. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 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.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total transaction of $356,900.00.

Vita Coco Trading Down 0.8 %

NASDAQ:COCO opened at $39.97 on Monday. The company’s 50-day moving average price is $36.52 and its 200-day moving average price is $32.04. The company has a market cap of $2.27 billion, a P/E ratio of 40.37, a P/E/G ratio of 2.24 and a beta of 0.30. The Vita Coco Company, Inc. has a twelve month low of $20.64 and a twelve month high of $40.32.

Hedge Funds Weigh In On Vita Coco

Several hedge funds and other institutional investors have recently modified their holdings of COCO. Jane Street Group LLC raised its stake in Vita Coco by 1.3% during the fourth quarter. Jane Street Group LLC now owns 82,108 shares of the company’s stock worth $3,031,000 after purchasing an additional 1,078 shares during the period. Voleon Capital Management LP purchased a new position in Vita Coco during the fourth quarter worth about $562,000. PDT Partners LLC raised its stake in Vita Coco by 69.3% during the fourth quarter. PDT Partners LLC now owns 27,498 shares of the company’s stock worth $1,015,000 after purchasing an additional 11,260 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Vita Coco during the fourth quarter worth about $746,000. Finally, Northern Trust Corp raised its stake in Vita Coco by 8.2% during the fourth quarter. Northern Trust Corp now owns 411,173 shares of the company’s stock worth $15,176,000 after purchasing an additional 31,050 shares during the period. 88.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COCO. Stephens lowered shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price on the stock. in a research report on Monday, January 27th. Wells Fargo & Company lifted their target price on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Bank of America lifted their target price on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Craig Hallum lifted their target price on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Vita Coco has an average rating of “Moderate Buy” and a consensus target price of $34.83.

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.