Coppell Advisory Solutions LLC Buys 613 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Coppell Advisory Solutions LLC boosted its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 91.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,283 shares of the company’s stock after acquiring an additional 613 shares during the period. Coppell Advisory Solutions LLC’s holdings in Vita Coco were worth $47,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in COCO. Summit Investment Advisors Inc. raised its stake in Vita Coco by 9.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company’s stock valued at $152,000 after purchasing an additional 347 shares during the period. GAMMA Investing LLC raised 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 valued at $29,000 after buying an additional 360 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in shares of Vita Coco by 4.8% in the fourth quarter. Moran Wealth Management LLC now owns 19,075 shares of the company’s stock worth $704,000 after buying an additional 871 shares in the last quarter. West Coast Financial LLC boosted its position in shares of Vita Coco by 1.2% during the fourth quarter. West Coast Financial LLC now owns 91,841 shares of the company’s stock worth $3,390,000 after acquiring an additional 1,109 shares during the last quarter. Finally, Summit Creek Advisors LLC grew its stake in Vita Coco by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 401,984 shares of the company’s stock valued at $14,837,000 after acquiring an additional 1,193 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Insider Transactions at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 10,000 shares of Vita Coco stock in a transaction 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. The trade was a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Michael Kirban sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the transaction, the chairman now owns 1,663,049 shares in the company, valued at $58,206,715. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,358 shares of company stock worth $2,865,456. 34.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on COCO. The Goldman Sachs Group boosted their price target 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 issued a $32.00 target price on shares of Vita Coco in a research report on Thursday, March 27th. Finally, Wells Fargo & Company cut their price target on Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.57.

Vita Coco Trading Up 0.3 %

COCO opened at $30.82 on Friday. The Vita Coco Company, Inc. has a 12 month low of $23.40 and a 12 month high of $40.32. The stock has a 50-day moving average of $32.67 and a 200 day moving average of $34.22. The firm has a market cap of $1.76 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.25 and a beta of 0.38.

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.