22 hours Ago By Defense World Staff
Envestnet Asset Management Inc. reduced its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO – Free Report) by 1.
1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,394 shares of the company’s stock after selling 398 shares during the quarter. Envestnet Asset Management Inc.
owned about 0.06% of Vita Coco worth $1,269,000 as of its most recent filing with the SEC. Other large investors have also made changes to their positions in the company.
Barclays PLC lifted its holdings in shares of Vita Coco by 200.6% during the third quarter. Barclays PLC now owns 69,504 shares of the company’s stock worth $1,969,000 after buying an additional 46,385 shares during the last quarter.
Pier Capital LLC lifted its stake in shares of Vita Coco by 39.6% in the fourth quarter. Pier Capital LLC now owns 200,623 shares of the company’s stock valued at $7,405,000 after buying an additional 56,879 shares during the period.
Lord Abbett & CO. LLC grew its holdings in shares of Vita Coco by 21.1% during the 3rd quarter.
Lord Abbett & CO. LLC now owns 460,416 shares of the company’s stock worth $13,034,000 after purchasing an additional 80,128 shares in the last quarter. Raymond James Financial Inc.
bought a new stake in shares of Vita Coco during the fourth quarter valued at approximately $7,985,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Vita Coco in the fourth quarter valued at $399,000. Institutional investors and hedge funds own 88.
49% of the company’s stock. Insider ActivityIn other news, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.
07, for a total transaction of $810,816.45. Following the completion of the sale, the director now owns 814,302 shares in the company, valued at $32,629,081.
14. The trade was a 2.42 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael Kirban sold 6,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 1,663,049 shares in the company, valued at approximately $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.
In the last ninety days, insiders sold 79,358 shares of company stock valued at $2,865,456. Company insiders own 34.20% of the company’s stock.
Vita Coco Trading Up 4.7 %Shares of COCO stock opened at $31.55 on Wednesday.
The Vita Coco Company, Inc. has a 1 year low of $23.40 and a 1 year high of $40.
32. The firm’s 50 day moving average is $32.36 and its 200-day moving average is $34.
26. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 31.
87, a PEG ratio of 2.25 and a beta of 0.38.
Analysts Set New Price TargetsSeveral equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Vita Coco from $40.00 to $39.
00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Stephens restated an “equal weight” rating and set a $32.00 price target on shares of Vita Coco in a research note on Thursday, March 27th.
Finally, The Goldman Sachs Group upped 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.
Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.57.
Check Out Our Latest Analysis on COCOAbout Vita Coco (Free Report)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.Recommended StoriesFive stocks we like better than Vita CocoThe Top 3 Healthcare Dividend Stocks to Buy and HoldDon’t Be Fooled by the Bounce: The Market Storm Isn’t Over YetBest of the list of Dividend Aristocrats: Build wealth with the aristocrat indexCoca-Cola Company Stock Can Bubble to New Highs This YearESG Stocks, What Investors Should Know3 Stocks Lifting 2025 Guidance Despite Market JittersWant to see what other hedge funds are holding COCO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Vita Coco Company, Inc. (NASDAQ:COCO – Free Report)..
