West Coast Financial LLC Has $3.39 Million Position in The Vita Coco Company, Inc. (NASDAQ:COCO)

West Coast Financial LLC grew its stake in The Vita Coco Company, Inc. (NASDAQ:COCO) by 1.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 91,841 shares of the company’s stock after buying an additional 1,109 shares during the period. West Coast Financial LLC’s holdings in Vita Coco were worth $3,390,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in COCO. GAMMA Investing LLC increased its position in Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 360 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Vita Coco by 21.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company’s stock valued at $13,034,000 after purchasing an additional 80,128 shares during the last quarter. TT International Asset Management LTD increased its position in shares of Vita Coco by 1,643.7% during the third quarter. TT International Asset Management LTD now owns 181,188 shares of the company’s stock worth $5,129,000 after buying an additional 170,797 shares during the period. Geode Capital Management LLC raised its stake in 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 buying an additional 101,823 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Vita Coco by 200.6% in the third quarter. Barclays PLC now owns 69,504 shares of the company’s stock valued at $1,969,000 after buying an additional 46,385 shares during the period. 88.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COCO has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Craig Hallum increased their price target on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Bank of America lifted their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.14.

Insider Buying and Selling

In related news, COO Jonathan Burth sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $30.04, for a total transaction of $42,056.00. Following the completion of the sale, the chief operating officer now directly owns 121,900 shares of the company’s stock, valued at approximately $3,661,876. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ira Liran sold 30,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $35.58, for a total transaction of $1,067,400.00. Following the transaction, the director now owns 853,729 shares in the company, valued at approximately $30,375,677.82. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,529 shares of company stock worth $5,312,683. 34.20% of the stock is owned by insiders.

Vita Coco Stock Performance

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

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business 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 revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

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.