1 day Ago By ABMN Staff
Envestnet Asset Management Inc. lowered its position in shares of The Vita Coco Company, Inc. ( NASDAQ:COCO – Free Report ) by 1.
1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,394 shares of the company’s stock after selling 398 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Vita Coco were worth $1,269,000 as of its most recent SEC filing. Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Vita Coco by 84.
9% in the 4th 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 period. E Fund Management Hong Kong Co.
Ltd. bought a new stake in shares of Vita Coco in the fourth quarter worth about $52,000. Venturi Wealth Management LLC acquired a new stake in shares of Vita Coco during the fourth quarter worth about $66,000.
Entropy Technologies LP bought a new position in shares of Vita Coco during the 4th quarter valued at about $220,000. Finally, Catalina Capital Group LLC acquired a new position in shares of Vita Coco in the 4th quarter valued at approximately $248,000. Institutional investors own 88.
49% of the company’s stock. Analysts Set New Price Targets Several research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Vita Coco from $40.
00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Stephens restated an “equal weight” rating and issued a $32.
00 price target on shares of Vita Coco in a report on Thursday, March 27th. Finally, The Goldman Sachs Group lifted their target price on Vita Coco from $34.00 to $38.
00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.
com, Vita Coco has an average rating of “Moderate Buy” and a consensus price target of $34.57. Insider Buying and Selling at Vita Coco In related news, Chairman Michael Kirban sold 6,000 shares of the firm’s stock in a transaction dated 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 directly owns 1,663,049 shares of the company’s stock, valued at approximately $58,206,715. This trade represents a 0.36 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, COO Jonathan Burth sold 700 shares of Vita Coco stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.
25, for a total transaction of $28,175.00. Following the completion of the sale, the chief operating officer now owns 104,108 shares of the company’s stock, valued at approximately $4,190,347.
The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 79,358 shares of company stock valued at $2,865,456 in the last three months. 34.20% of the stock is currently owned by company insiders.
Vita Coco Price Performance Shares of COCO opened at $31.55 on Wednesday. The company’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 PE ratio of 31.87, a PEG ratio of 2.25 and a beta of 0.
38. The Vita Coco Company, Inc. has a fifty-two week low of $23.
40 and a fifty-two week high of $40.32. Vita Coco Company Profile ( 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 Stories Want 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 ). Receive News & Ratings for Vita Coco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vita Coco and related companies with MarketBeat.com's FREE daily email newsletter .
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