The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran Sells 300 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 300 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $40.02, for a total transaction of $12,006.00. Following the completion of the sale, the director now owns 853,429 shares of the company’s stock, valued at approximately $34,154,228.58. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ira Liran also recently made the following trade(s):

• On Thursday, December 19th, Ira Liran sold 30,000 shares of Vita Coco stock. The stock was sold at an average price of $35.58, for a total transaction of $1,067,400.00.

Vita Coco Stock Performance

Shares of NASDAQ:COCO opened at $39.97 on Friday. The company’s 50-day moving average is $36.44 and its 200 day moving average is $31.83. The company has a market capitalization of $2.27 billion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. The Vita Coco Company, Inc. has a fifty-two week low of $20.64 and a fifty-two week high of $40.32.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Craig Hallum upped their target price 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. 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. Wells Fargo & Company upped their target price on shares of Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, 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. 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.83.

Institutional Investors Weigh In On Vita Coco

Several institutional investors have recently added to or reduced their stakes in COCO. Wasatch Advisors LP lifted its holdings in Vita Coco by 299.0% during the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after purchasing an additional 1,799,168 shares during the last quarter. Woodson Capital Management LP purchased a new stake in Vita Coco during the third quarter valued at about $19,224,000. Victory Capital Management Inc. lifted its holdings in Vita Coco by 106.4% during the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after purchasing an additional 461,748 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in Vita Coco during the fourth quarter valued at about $10,715,000. Finally, Raymond James Financial Inc. purchased a new stake in Vita Coco during the fourth quarter valued at about $7,985,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.