The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO) by 67.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,883 shares of the company’s stock after selling 10,085 shares during the quarter. US Bancorp DE’s holdings in Vita Coco were worth $180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 360 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Vita Coco in the fourth quarter valued at approximately $52,000. Venturi Wealth Management LLC acquired a new position in Vita Coco in the fourth quarter valued at approximately $66,000. Quest Partners LLC boosted its holdings in Vita Coco by 16,538.1% in the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after purchasing an additional 3,473 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Vita Coco in the fourth quarter valued at approximately $220,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vita Coco

In other news, COO Jonathan Burth sold 912 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $37.53, for a total transaction of $34,227.36. Following the completion of the sale, the chief operating officer now owns 104,108 shares in the company, valued at $3,907,173.24. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Martin F. Roper sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $36.37, for a total value of $181,850.00. Following the sale, the chief executive officer now owns 337,152 shares of the company’s stock, valued at $12,262,218.24. This trade represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,322 shares of company stock worth $2,698,688 over the last 90 days. 34.20% of the stock is currently owned by insiders.

Vita Coco Trading Up 0.4 %

Shares of NASDAQ COCO opened at $34.68 on Friday. The Vita Coco Company, Inc. has a twelve month low of $23.00 and a twelve month high of $40.32. The stock has a 50 day moving average of $36.19 and a two-hundred day moving average of $33.35. The stock has a market cap of $1.98 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.25 and a beta of 0.34.

Wall Street Analysts Forecast Growth

COCO has been the subject of a number of research analyst reports. Wells Fargo & Company lowered 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. Bank of America boosted their price objective on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. The Goldman Sachs Group boosted their price objective on Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Stephens cut Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective for the company. in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.14.

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.