Deutsche Bank AG Purchases 11,674 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Deutsche Bank AG boosted its stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 8.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 150,343 shares of the company's stock after buying an additional 11,674 shares during the period. Deutsche Bank AG owned approximately 0.27% of Vita Coco worth $5,549,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of COCO. Wasatch Advisors LP raised its holdings in shares of Vita Coco by 17.8% in the fourth quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company's stock valued at $104,414,000 after purchasing an additional 427,871 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Vita Coco by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company's stock valued at $95,565,000 after purchasing an additional 11,712 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Vita Coco by 14.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company's stock valued at $55,460,000 after purchasing an additional 185,692 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Vita Coco by 15.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company's stock valued at $52,486,000 after purchasing an additional 193,420 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Vita Coco by 6.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,130,117 shares of the company's stock valued at $41,713,000 after purchasing an additional 64,011 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco Trading Down 0.2%

Vita Coco stock traded down $0.08 during trading hours on Friday, reaching $36.20. 466,743 shares of the stock were exchanged, compared to its average volume of 627,979. The company has a market cap of $2.05 billion, a P/E ratio of 36.57, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a twelve month low of $23.56 and a twelve month high of $40.32. The stock has a 50 day moving average of $32.49 and a two-hundred day moving average of $34.79.

Vita Coco (NASDAQ:COCO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company had revenue of $130.92 million for the quarter, compared to the consensus estimate of $125.64 million. During the same period last year, the company posted $0.24 EPS. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. On average, analysts expect that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Activity at Vita Coco

In related news, major shareholder Beverages Sa Verlinvest sold 3,766,762 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $34.25, for a total value of $129,011,598.50. Following the completion of the transaction, the insider now owns 7,097,161 shares in the company, valued at $243,077,764.25. This trade represents a 34.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Michael Kirban sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $34.57, for a total transaction of $691,400.00. Following the completion of the transaction, the chairman now owns 2,006,229 shares of the company's stock, valued at approximately $69,355,336.53. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,864,762 shares of company stock worth $132,479,079 in the last quarter. 32.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on COCO shares. Wells Fargo & Company lowered their price objective on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Evercore ISI upped their price target on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. The Goldman Sachs Group set a $41.00 price target on shares of Vita Coco and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Stephens reaffirmed an "equal weight" rating and set a $32.00 price target on shares of Vita Coco in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $35.38.

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.