The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its position in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 934,169 shares of the company's stock after selling 107,493 shares during the quarter. Geode Capital Management LLC owned approximately 1.65% of Vita Coco worth $34,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COCO. Vanguard Group Inc. lifted its holdings in shares of Vita Coco by 0.5% during the 4th 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 stake in 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 buying an additional 185,692 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in 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 worth $52,486,000 after acquiring an additional 193,420 shares in the last quarter. State Street Corp grew its stake in shares of Vita Coco by 4.7% during the third quarter. State Street Corp now owns 876,774 shares of the company's stock worth $24,821,000 after acquiring an additional 39,431 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Vita Coco by 21.1% during the third quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company's stock valued at $13,034,000 after acquiring an additional 80,128 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

Vita Coco Price Performance

COCO stock traded up $0.47 during trading on Tuesday, hitting $31.29. 530,062 shares of the company traded hands, compared to its average volume of 595,708. The Vita Coco Company, Inc. has a 1 year low of $23.05 and a 1 year high of $40.32. The stock's 50-day simple moving average is $33.20 and its 200 day simple moving average is $34.16. The company has a market cap of $1.78 billion, a PE ratio of 31.61, a P/E/G ratio of 2.25 and a beta of 0.38.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COCO. The Goldman Sachs Group lifted their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Stephens reiterated an "equal weight" rating and set a $32.00 price target on shares of Vita Coco in a research note on Thursday, March 27th. Finally, 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $34.57.

Insider Activity at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 700 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now owns 104,108 shares in the company, valued at approximately $4,190,347. This represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ira Liran sold 1,723 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $40.02, for a total transaction of $68,954.46. Following the sale, the director now directly owns 812,579 shares in the company, valued at approximately $32,519,411.58. The trade was a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,410 shares of company stock worth $3,017,811 in the last three months. Company insiders own 34.20% of the company's stock.

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.