61,426 Shares in Vita Coco Company, Inc. $COCO Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP has invested approximately $1.88 million in Vita Coco Company, acquiring 61,426 shares, which represents about 0.11% of the company.
• Vita Coco's stock has shown strong performance with a 52-week high of $40.32 and a quarterly revenue growth of 17.1% year-over-year, generating $168.76 million in revenue.
• Vita Coco has received mixed analyst ratings, with five analysts giving a Buy rating and three a Hold rating, while its average price target is set at $38.38.

Trexquant Investment LP acquired a new stake in Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 61,426 shares of the company's stock, valued at approximately $1,883,000. Trexquant Investment LP owned approximately 0.11% of Vita Coco as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Vita Coco by 7.5% in the 1st quarter. US Bancorp DE now owns 5,247 shares of the company's stock worth $161,000 after purchasing an additional 364 shares during the last quarter. CWM LLC grew its holdings in shares of Vita Coco by 14.7% in the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock worth $88,000 after purchasing an additional 367 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Vita Coco by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 43,809 shares of the company's stock worth $1,343,000 after purchasing an additional 521 shares during the last quarter. Credit Agricole S A grew its holdings in Vita Coco by 1.5% during the 1st quarter. Credit Agricole S A now owns 36,140 shares of the company's stock worth $1,108,000 after acquiring an additional 521 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Vita Coco by 16.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,343 shares of the company's stock worth $164,000 after acquiring an additional 758 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

Vita Coco Trading Up 3.5%

Vita Coco stock traded up $1.29 during trading on Friday, hitting $38.54. 856,648 shares of the company were exchanged, compared to its average volume of 689,020. The company has a market capitalization of $2.19 billion, a P/E ratio of 36.02, a PEG ratio of 2.04 and a beta of 0.36. The business's 50 day moving average is $36.02 and its 200 day moving average is $34.40. Vita Coco Company, Inc. has a 52 week low of $24.50 and a 52 week high of $40.32.

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

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CMO Jane Prior sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $37.07, for a total value of $370,700.00. Following the completion of the transaction, the chief marketing officer directly owned 134,188 shares in the company, valued at approximately $4,974,349.16. This trade represents a 6.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Es Charles Van sold 10,000 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $38.02, for a total value of $380,200.00. Following the completion of the sale, the insider directly owned 94,127 shares in the company, valued at approximately $3,578,708.54. The trade was a 9.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,800 shares of company stock valued at $2,125,026 over the last ninety days. 32.30% of the stock is owned by insiders.

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.