The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its stake in The Vita Coco Company, Inc. (NASDAQ:COCO) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,319 shares of the company’s stock after buying an additional 2,425 shares during the period. Bleakley Financial Group LLC’s holdings in Vita Coco were worth $602,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Vita Coco by 84.9% in 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 last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Vita Coco in the fourth quarter worth about $52,000. Quest Partners LLC increased its holdings in Vita Coco by 16,538.1% in the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after buying an additional 3,473 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Vita Coco by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after buying an additional 1,434 shares in the last quarter. Finally, LVW Advisors LLC bought a new position in Vita Coco during the 3rd quarter worth approximately $209,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COCO. Stephens lowered 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. Wells Fargo & Company increased their target price on shares of Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Bank of America lifted their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Craig Hallum increased their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.83.

Insider Buying and Selling at Vita Coco

In other Vita Coco news, Director Ira Liran sold 30,000 shares of Vita Coco stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $35.58, for a total transaction of $1,067,400.00. Following the sale, the director now owns 853,729 shares of the company’s stock, valued at $30,375,677.82. The trade was a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jonathan Burth sold 14,836 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.61, for a total value of $557,981.96. Following the completion of the transaction, the chief operating officer now directly owns 105,417 shares of the company’s stock, valued at approximately $3,964,733.37. The trade was a 12.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 112,100 shares of company stock valued at $4,060,373 in the last ninety days. Company insiders own 34.20% of the company’s stock.

Vita Coco Stock Performance

Shares of COCO opened at $37.54 on Monday. The Vita Coco Company, Inc. has a 1 year low of $19.85 and a 1 year high of $38.91. The firm has a fifty day moving average of $36.14 and a 200-day moving average of $31.45. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 37.92, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30.

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.