Vita Coco Company, Inc. $COCO Shares Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC increased its stake in Vita Coco by 133.1%, owning approximately 64,108 shares valued at $1.965 million by the end of the 1st quarter.
• Vita Coco reported a 17.1% year-over-year increase in revenue, generating $168.76 million for the quarter, and outperformed EPS estimates by $0.02.
• Analysts have provided a mixed outlook, with research firms like Wells Fargo raising their target price to $45.00 while others maintain a "hold" rating, leading to a consensus rating of "Moderate Buy."

PDT Partners LLC raised its position in Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 133.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,108 shares of the company's stock after acquiring an additional 36,610 shares during the quarter. PDT Partners LLC owned approximately 0.11% of Vita Coco worth $1,965,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COCO. Stifel Financial Corp boosted its stake in shares of Vita Coco by 38.1% in the 4th quarter. Stifel Financial Corp now owns 23,782 shares of the company's stock valued at $878,000 after buying an additional 6,562 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Vita Coco by 22.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,806 shares of the company's stock valued at $584,000 after buying an additional 2,860 shares during the last quarter. Northern Trust Corp lifted its stake in Vita Coco by 8.2% in the fourth quarter. Northern Trust Corp now owns 411,173 shares of the company's stock valued at $15,176,000 after buying an additional 31,050 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Vita Coco in the fourth quarter valued at approximately $746,000. Finally, Jane Street Group LLC increased its holdings in shares of Vita Coco by 1.3% in the fourth quarter. Jane Street Group LLC now owns 82,108 shares of the company's stock valued at $3,031,000 after purchasing an additional 1,078 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vita Coco

In other news, Director Ira Liran sold 2,114 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $37.00, for a total value of $78,218.00. Following the completion of the sale, the director owned 618,341 shares in the company, valued at approximately $22,878,617. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth Sadowsky sold 3,900 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $37.65, for a total value of $146,835.00. Following the sale, the director owned 631,666 shares of the company's stock, valued at approximately $23,782,224.90. This trade represents a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,800 shares of company stock valued at $2,125,026 in the last ninety days. Corporate insiders own 32.30% of the company's stock.

Vita Coco Price Performance

COCO traded up $1.29 during trading on Friday, reaching $38.54. 856,648 shares of the stock were exchanged, compared to its average volume of 689,020. Vita Coco Company, Inc. has a 1 year low of $24.50 and a 1 year high of $40.32. The business's 50 day moving average price is $36.02 and its two-hundred day moving average price is $34.42. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 36.02, a P/E/G ratio of 2.04 and a beta of 0.36.

Vita Coco (NASDAQ:COCO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Vita Coco had a return on equity of 24.99% and a net margin of 11.50%.The business had revenue of $168.76 million for the quarter, compared to the consensus estimate of $162.20 million. During the same period in the prior year, the business earned $0.32 earnings per share. The business's revenue was up 17.1% on a year-over-year basis. Vita Coco has set its FY 2025 guidance at EPS. On average, analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COCO. Morgan Stanley upped their price objective on Vita Coco from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Wall Street Zen lowered Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Piper Sandler raised Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price objective on the stock in a report on Wednesday, August 20th. Finally, Wells Fargo & Company upped their price objective on Vita Coco from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Vita Coco currently has an average rating of "Moderate Buy" and an average target price of $38.38.

Vita Coco 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.