West Coast Financial LLC Purchases 1,109 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

West Coast Financial LLC raised its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,841 shares of the company’s stock after acquiring an additional 1,109 shares during the period. West Coast Financial LLC owned approximately 0.16% of Vita Coco worth $3,390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP boosted its stake in Vita Coco by 299.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after purchasing an additional 1,799,168 shares during the period. Woodson Capital Management LP acquired a new stake in shares of Vita Coco in the third quarter worth $19,224,000. Victory Capital Management Inc. raised its stake in Vita Coco by 106.4% during the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after purchasing an additional 461,748 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in Vita Coco in the 2nd quarter valued at $9,859,000. Finally, Harbor Capital Advisors Inc. grew its position in Vita Coco by 143.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock worth $9,668,000 after purchasing an additional 200,940 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Vita Coco Trading Up 3.3 %

Vita Coco stock opened at $35.22 on Thursday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.02 and a beta of 0.31. The Vita Coco Company, Inc. has a 12 month low of $19.41 and a 12 month high of $37.88. The stock’s 50 day moving average is $35.59 and its 200-day moving average is $30.33.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The company had revenue of $133.00 million during the quarter, compared to the consensus estimate of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. As a group, equities research analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ira Liran sold 30,000 shares of Vita Coco stock in a transaction that occurred 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 of the company’s stock, valued at approximately $30,375,677.82. The trade was a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Martin F. Roper sold 5,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $35.85, for a total transaction of $179,250.00. Following the completion of the transaction, the chief executive officer now directly owns 452,452 shares of the company’s stock, valued at approximately $16,220,404.20. The trade was a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,529 shares of company stock valued at $5,312,683 over the last quarter. 34.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COCO. Wells Fargo & Company lifted their target price on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. 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 report on Friday, December 6th. Finally, Craig Hallum lifted their price target 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.

Vita Coco Company 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.