Bokf Na Sells 3,964 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Bokf Na lowered its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 36.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,020 shares of the company’s stock after selling 3,964 shares during the quarter. Bokf Na’s holdings in Vita Coco were worth $236,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its holdings in Vita Coco by 9.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company’s stock worth $152,000 after acquiring an additional 347 shares in the last quarter. GAMMA Investing LLC increased 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 buying an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in Vita Coco by 91.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock valued at $47,000 after acquiring an additional 613 shares during the last quarter. Moran Wealth Management LLC raised its holdings in shares of Vita Coco by 4.8% in the 4th quarter. Moran Wealth Management LLC now owns 19,075 shares of the company’s stock valued at $704,000 after purchasing an additional 871 shares during the period. Finally, Jane Street Group LLC lifted its stake in Vita Coco by 1.3% in the 4th quarter. Jane Street Group LLC now owns 82,108 shares of the company’s stock valued at $3,031,000 after purchasing an additional 1,078 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on COCO shares. Wells Fargo & Company dropped their price target 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. Stephens reiterated an “equal weight” rating and issued a $32.00 price target on shares of Vita Coco in a research note on Thursday, March 27th. Evercore ISI raised their price objective on shares of Vita Coco from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group set a $41.00 target price on Vita Coco and gave the company a “buy” rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Vita Coco presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.38.

Insider Activity

In related 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 owns 94,108 shares of the company’s stock, valued at $3,076,390.52. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ira Liran sold 20,235 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.07, for a total value of $810,816.45. Following the sale, the director now owns 814,302 shares of the company’s stock, valued at approximately $32,629,081.14. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,358 shares of company stock valued at $2,865,456 over the last quarter. 32.30% of the stock is owned by company insiders.

Vita Coco Stock Performance

COCO opened at $33.27 on Friday. The business’s fifty day moving average is $32.29 and its 200-day moving average is $34.53. The firm has a market cap of $1.89 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a 52-week low of $23.56 and a 52-week high of $40.32.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company had revenue of $130.92 million for the quarter, compared to analyst estimates of $125.64 million. During the same period in the previous year, the firm posted $0.24 EPS. The firm’s revenue was up 17.2% on a year-over-year basis. On average, research analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

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.