The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP raised its holdings in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,828,868 shares of the company's stock after purchasing an additional 427,871 shares during the period. Wasatch Advisors LP owned 4.99% of Vita Coco worth $104,414,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp grew its position in Vita Coco by 41.4% during the 3rd quarter. Stifel Financial Corp now owns 17,220 shares of the company's stock valued at $487,000 after purchasing an additional 5,041 shares during the last quarter. State Street Corp grew its stake in shares of Vita Coco by 4.7% during the 3rd quarter. State Street Corp now owns 876,774 shares of the company's stock valued at $24,821,000 after acquiring an additional 39,431 shares during the period. Wellington Management Group LLP purchased a new position in shares of Vita Coco during the 3rd quarter valued at $2,621,000. XTX Topco Ltd bought a new position in shares of Vita Coco in the third quarter worth about $348,000. Finally, Barclays PLC grew its holdings in Vita Coco by 200.6% during the 3rd quarter. Barclays PLC now owns 69,504 shares of the company's stock valued at $1,969,000 after buying an additional 46,385 shares in the last quarter. Institutional investors own 88.49% of the company's stock.

Insider Transactions at Vita Coco

In related news, COO Jonathan Burth sold 10,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $32.69, for a total value of $326,900.00. Following the sale, the chief operating officer now directly owns 94,108 shares of the company's stock, valued at approximately $3,076,390.52. This represents a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Michael Kirban sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the completion of the transaction, the chairman now directly owns 1,663,049 shares of the company's stock, valued at $58,206,715. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,410 shares of company stock worth $3,017,811. Corporate insiders own 34.20% of the company's stock.

Analyst Upgrades and Downgrades

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

Vita Coco Stock Down 2.8 %

NASDAQ COCO traded down $0.90 during trading hours on Monday, hitting $30.79. 209,862 shares of the company were exchanged, compared to its average volume of 593,240. The company has a 50 day moving average of $33.56 and a two-hundred day moving average of $34.16. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a 52-week low of $23.00 and a 52-week high of $40.32.

Vita Coco Company 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.