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

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 20,235 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $32,629,081.14. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 stock was sold at an average price of $40.02, for a total transaction 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 transaction of $1,067,400.00.

Vita Coco Trading Up 1.4 %

Shares of COCO stock opened at $39.65 on Thursday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 40.05, a PEG ratio of 2.40 and a beta of 0.30. The firm’s 50 day moving average is $36.70 and its 200-day moving average is $32.27. The Vita Coco Company, Inc. has a 1 year low of $20.64 and a 1 year high of $40.32.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COCO. Wasatch Advisors LP raised its position in shares of Vita Coco by 17.8% during the fourth quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company’s stock worth $104,414,000 after acquiring an additional 427,871 shares during the last quarter. Vanguard Group Inc. increased its position in Vita Coco by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company’s stock worth $95,565,000 after purchasing an additional 11,712 shares during the period. Artisan Partners Limited Partnership raised its holdings in Vita Coco by 14.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company’s stock worth $55,460,000 after purchasing an additional 185,692 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in Vita Coco by 15.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company’s stock valued at $52,486,000 after purchasing an additional 193,420 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Vita Coco by 6.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,130,117 shares of the company’s stock valued at $41,713,000 after purchasing an additional 64,011 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COCO has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Craig Hallum raised their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Bank of America upped their price target on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. 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 report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.