Ira Liran Sells 30,000 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 30,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $35.58, for a total transaction of $1,067,400.00. Following the sale, the director now directly owns 853,729 shares in the company, valued at $30,375,677.82. The trade was a 3.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ira Liran also recently made the following trade(s):

• On Friday, November 8th, Ira Liran sold 27,176 shares of Vita Coco stock. The shares were sold at an average price of $36.04, for a total value of $979,423.04.

Vita Coco Price Performance

Shares of COCO opened at $35.86 on Friday. The Vita Coco Company, Inc. has a 1-year low of $19.41 and a 1-year high of $37.88. The company has a market capitalization of $2.03 billion, a P/E ratio of 36.22, a P/E/G ratio of 2.42 and a beta of 0.31. The firm’s 50 day simple moving average is $33.92 and its 200 day simple moving average is $29.51.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm had revenue of $133.00 million for the quarter, compared to analysts’ expectations of $138.56 million. During the same quarter last year, the company posted $0.26 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities analysts anticipate that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Vita Coco

A number of hedge funds and other institutional investors have recently modified their holdings of COCO. Wasatch Advisors LP lifted its position in Vita Coco by 299.0% in the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock worth $67,972,000 after buying an additional 1,799,168 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Vita Coco by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock worth $29,494,000 after acquiring an additional 101,823 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Vita Coco by 106.4% in the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after acquiring an additional 461,748 shares during the last quarter. State Street Corp lifted its holdings in shares of Vita Coco by 4.7% in the 3rd quarter. State Street Corp now owns 876,774 shares of the company’s stock worth $24,821,000 after acquiring an additional 39,431 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Vita Coco by 25.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company’s stock valued at $21,623,000 after purchasing an additional 156,033 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on COCO shares. Bank of America raised their target price on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Craig Hallum boosted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Vita Coco currently has an average rating of “Moderate Buy” and a consensus price target of $32.14.

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.