Jump Financial LLC Makes New $695,000 Investment in The Vita Coco Company, Inc. (NASDAQ:COCO)

Jump Financial LLC bought a new position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,827 shares of the company's stock, valued at approximately $695,000.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Vita Coco by 84.9% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $29,000 after buying an additional 360 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Vita Coco during the fourth quarter worth about $52,000. Venturi Wealth Management LLC acquired a new stake in shares of Vita Coco during the fourth quarter worth about $66,000. Summit Investment Advisors Inc. boosted its stake in shares of Vita Coco by 9.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock worth $152,000 after buying an additional 347 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Vita Coco in the fourth quarter valued at about $220,000. Institutional investors and hedge funds own 88.49% of the company's stock.

Vita Coco Price Performance

Vita Coco stock traded down $0.70 during mid-day trading on Monday, reaching $30.12. The company had a trading volume of 845,390 shares, compared to its average volume of 600,442. The Vita Coco Company, Inc. has a 1 year low of $23.40 and a 1 year high of $40.32. The company has a market capitalization of $1.72 billion, a P/E ratio of 30.42, a P/E/G ratio of 2.25 and a beta of 0.38. The stock's 50-day simple moving average is $32.48 and its 200-day simple moving average is $34.28.

Insider Buying and Selling at Vita Coco

In other news, COO Jonathan Burth sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $32.69, for a total transaction of $326,900.00. Following the completion of the transaction, the chief operating officer now directly owns 94,108 shares of the company's stock, valued at $3,076,390.52. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Michael Kirban sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $210,000.00. Following the transaction, the chairman now directly owns 1,663,049 shares of the company's stock, valued at approximately $58,206,715. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,358 shares of company stock valued at $2,865,456. Corporate insiders own 34.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on COCO shares. Stephens restated an "equal weight" rating and issued a $32.00 price objective on shares of Vita Coco in a research report on Thursday, March 27th. Wells Fargo & Company reduced their price objective on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group raised their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.57.

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.