Ira Liran Sells 300 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 300 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $40.02, for a total value of $12,006.00. Following the completion of the transaction, the director now directly owns 853,429 shares of the company’s stock, valued at approximately $34,154,228.58. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, December 19th, Ira Liran sold 30,000 shares of Vita Coco stock. The stock was sold at an average price of $35.58, for a total value of $1,067,400.00.

Vita Coco Price Performance

NASDAQ COCO opened at $39.97 on Monday. The firm has a market cap of $2.27 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. The stock’s 50 day simple moving average is $36.52 and its 200 day simple moving average is $32.04. The Vita Coco Company, Inc. has a one year low of $20.64 and a one year high of $40.32.

Analysts Set New Price Targets

COCO has been the subject of a number of recent research reports. Craig Hallum increased their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Bank of America increased their price target on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company increased their price target on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, Stephens lowered Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target on the stock. in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.83.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COCO. SG Americas Securities LLC bought a new position in Vita Coco in the 3rd quarter valued at $346,000. Raymond James & Associates bought a new position in Vita Coco in the 3rd quarter valued at $3,990,000. Allspring Global Investments Holdings LLC boosted its position in Vita Coco by 18.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,269 shares of the company’s stock valued at $1,310,000 after buying an additional 7,173 shares during the last quarter. US Bancorp DE boosted its position in Vita Coco by 8.5% in the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company’s stock valued at $424,000 after buying an additional 1,178 shares during the last quarter. Finally, Conestoga Capital Advisors LLC bought a new position in Vita Coco in the 3rd quarter valued at $1,010,000. 88.49% of the stock is currently owned by institutional investors.

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.