The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Bought by Summit Creek Advisors LLC

Summit Creek Advisors LLC raised its position in The Vita Coco Company, Inc. (NASDAQ:COCO) by 0.3% in the 4th quarter, Holdings Channel reports. The fund owned 401,984 shares of the company’s stock after purchasing an additional 1,193 shares during the period. Vita Coco accounts for 2.0% of Summit Creek Advisors LLC’s holdings, making the stock its 25th biggest holding. Summit Creek Advisors LLC’s holdings in Vita Coco were worth $14,837,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Vita Coco during the fourth quarter worth approximately $52,000. Venturi Wealth Management LLC acquired a new stake in shares of Vita Coco during the fourth quarter worth approximately $66,000. Quest Partners LLC grew its position in shares of 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 buying an additional 3,473 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Vita Coco during the fourth quarter worth approximately $220,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Vita Coco Price Performance

Shares of COCO opened at $35.51 on Monday. The business’s fifty day moving average price is $36.31 and its 200 day moving average price is $33.75. The Vita Coco Company, Inc. has a 12-month low of $23.00 and a 12-month high of $40.32. The stock has a market capitalization of $2.02 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Stephens downgraded shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target for the company. in a research report on Monday, January 27th. The Goldman Sachs Group raised 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. Finally, Wells Fargo & Company reduced their price objective on Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.14.

Insider Buying and Selling at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 10,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at approximately $3,076,390.52. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Michael Kirban sold 6,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chairman now owns 1,663,049 shares in the company, valued at $58,206,715. The trade was 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 have sold 83,410 shares of company stock worth $3,017,811. 34.20% of the stock is owned by insiders.

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.