6 days Ago By ABMN Staff
Russell Investments Group Ltd. lessened its holdings in shares of The Vita Coco Company, Inc. ( NASDAQ:COCO – Free Report ) by 9.
5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,486 shares of the company’s stock after selling 13,443 shares during the quarter. Russell Investments Group Ltd.
owned about 0.23% of Vita Coco worth $4,742,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently modified their holdings of COCO.
Stifel Financial Corp lifted its position in Vita Coco by 41.4% during the third quarter. Stifel Financial Corp now owns 17,220 shares of the company’s stock valued at $487,000 after purchasing an additional 5,041 shares during the last quarter.
State Street Corp lifted its holdings in shares of Vita Coco by 4.7% during 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.
Wellington Management Group LLP bought a new stake in shares of Vita Coco during the 3rd quarter worth $2,621,000. XTX Topco Ltd purchased a new position in Vita Coco in the third quarter worth $348,000. Finally, Barclays PLC increased its stake 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 acquiring an additional 46,385 shares during the last quarter. Hedge funds and other institutional investors own 88.
49% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts have recently commented on the company. Wells Fargo & Company reduced their price objective on Vita Coco from $40.
00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Stephens reiterated an “equal weight” rating and set a $32.
00 price target on shares of Vita Coco in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group boosted their price objective on shares of Vita Coco from $34.00 to $38.
00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Vita Coco currently has an average rating of “Moderate Buy” and an average price target of $34.
57. Insider Activity at Vita Coco In other news, Chairman Michael Kirban sold 20,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $34.
57, for a total transaction of $691,400.00. Following the completion of the sale, the chairman now directly owns 2,006,229 shares in the company, valued at approximately $69,355,336.
53. This represents a 0.99 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, COO Jonathan Burth sold 700 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.
25, for a total value of $28,175.00. Following the completion of the sale, the chief operating officer now directly owns 104,108 shares in the company, valued at $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 sold 83,410 shares of company stock worth $3,017,811 in the last three months. 34.20% of the stock is owned by insiders.
Vita Coco Stock Performance NASDAQ:COCO opened at $31.38 on Tuesday. The Vita Coco Company, Inc.
has a fifty-two week low of $23.00 and a fifty-two week high of $40.32.
The firm has a market cap of $1.79 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 2.
25 and a beta of 0.38. The business has a 50 day moving average price of $34.
12 and a 200-day moving average price of $34.07. 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. See Also 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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