The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran Sells 20,235 Shares of Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.07, for a total value of $810,816.45. Following the completion of the transaction, the director now owns 814,302 shares in the company, valued at $32,629,081.14. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ira Liran also recently made the following trade(s):

• On Wednesday, February 12th, Ira Liran sold 300 shares of Vita Coco stock. The shares were sold at an average price of $40.02, for a total value of $12,006.00.
• On Thursday, December 19th, Ira Liran sold 30,000 shares of Vita Coco stock. The shares were sold at an average price of $35.58, for a total value of $1,067,400.00.

Vita Coco Stock Performance

Shares of COCO stock opened at $39.11 on Wednesday. The stock has a fifty day moving average price of $36.59 and a 200 day moving average price of $32.13. The stock has a market cap of $2.22 billion, a PE ratio of 39.51, a P/E/G ratio of 2.24 and a beta of 0.30. The Vita Coco Company, Inc. has a 1 year low of $20.64 and a 1 year high of $40.32.

Hedge Funds Weigh In On Vita Coco

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in Vita Coco by 91.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock worth $47,000 after purchasing an additional 613 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Vita Coco during the fourth quarter worth $52,000. Venturi Wealth Management LLC acquired a new position in Vita Coco during the fourth quarter worth $66,000. Finally, Quest Partners LLC raised its holdings in Vita Coco by 16,538.1% during the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after purchasing an additional 3,473 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on COCO. Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price on the stock. in a research note on Monday, January 27th. Craig Hallum lifted their price target on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Bank of America lifted their price target on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company lifted their price target on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vita Coco presently has a consensus rating of “Moderate Buy” and an average target price of $34.83.

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.