The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its position in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 48.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,603 shares of the company's stock after selling 56,854 shares during the period. First Trust Advisors LP owned 0.11% of Vita Coco worth $2,274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its holdings in Vita Coco by 9.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock valued at $152,000 after buying an additional 347 shares during the period. GAMMA Investing LLC boosted its position in Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company's stock valued at $29,000 after acquiring an additional 360 shares in the last quarter. Moran Wealth Management LLC raised its position in shares of Vita Coco by 4.8% in the 4th quarter. Moran Wealth Management LLC now owns 19,075 shares of the company's stock worth $704,000 after acquiring an additional 871 shares in the last quarter. West Coast Financial LLC lifted its stake in shares of Vita Coco by 1.2% during the 4th quarter. West Coast Financial LLC now owns 91,841 shares of the company's stock worth $3,390,000 after purchasing an additional 1,109 shares during the last quarter. Finally, Summit Creek Advisors LLC raised its stake in shares of Vita Coco by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 401,984 shares of the company's stock worth $14,837,000 after acquiring an additional 1,193 shares in the last quarter. Institutional investors own 88.49% of the company's stock.

Vita Coco Stock Down 5.0 %

Shares of Vita Coco stock traded down $1.74 during mid-day trading on Friday, reaching $33.27. 1,838,116 shares of the stock traded hands, compared to its average volume of 606,975. The business has a 50-day moving average of $32.29 and a 200 day moving average of $34.53. The stock has a market capitalization of $1.89 billion, a PE ratio of 33.61, a PEG ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a fifty-two week low of $23.56 and a fifty-two week high of $40.32.

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

Analyst Ratings Changes

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

Insider Transactions at Vita Coco

In other Vita Coco news, Chairman Michael Kirban sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $35.00, for a total value of $210,000.00. Following the transaction, the chairman now directly owns 1,663,049 shares of the company's stock, valued at $58,206,715. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jonathan Burth sold 700 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.25, for a total value of $28,175.00. Following the completion of the sale, the chief operating officer now owns 104,108 shares of the company's stock, valued at $4,190,347. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,358 shares of company stock valued at $2,865,456. Corporate insiders own 32.30% of the company's stock.

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.