2 weeks Ago By Defense World Staff
Sei Investments Co. decreased its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO – Free Report) by 19.
2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,041 shares of the company’s stock after selling 16,209 shares during the period. Sei Investments Co.
owned 0.12% of Vita Coco worth $2,511,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Intech Investment Management LLC bought a new stake in shares of Vita Coco in the 3rd quarter valued at approximately $256,000. Charles Schwab Investment Management Inc. raised its holdings in Vita Coco by 21.
6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 324,041 shares of the company’s stock valued at $9,174,000 after buying an additional 57,622 shares during the period.
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vita Coco by 25.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock worth $199,000 after buying an additional 1,434 shares during the last quarter.
Captrust Financial Advisors boosted its stake in Vita Coco by 7.2% during the third quarter. Captrust Financial Advisors now owns 21,291 shares of the company’s stock worth $603,000 after buying an additional 1,433 shares during the period.
Finally, Stifel Financial Corp increased 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 acquiring an additional 5,041 shares during the last quarter.
Hedge funds and other institutional investors own 88.49% of the company’s stock. Insiders Place Their BetsIn other Vita Coco news, Director Ira Liran sold 1,723 shares of the stock in a transaction on Wednesday, February 19th.
The stock was sold at an average price of $40.02, for a total transaction of $68,954.46.
Following the sale, the director now owns 812,579 shares of the company’s stock, valued at approximately $32,519,411.58. This trade represents a 0.
21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jonathan Burth sold 4,052 shares of the business’s stock in a transaction on Wednesday, January 22nd.
The stock was sold at an average price of $37.60, for a total value of $152,355.20.
Following the completion of the transaction, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $3,914,460.80. The trade was a 3.
75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,410 shares of company stock worth $3,017,811.
34.20% of the stock is currently owned by company insiders. Wall Street Analysts Forecast GrowthCOCO has been the subject of several analyst reports.
Wells Fargo & Company lowered their target price on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, February 27th.
Stephens reissued an “equal weight” rating and issued a $32.00 price objective on shares of Vita Coco in a research note on Thursday, March 27th. Bank of America upped their target price on Vita Coco from $30.
00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group raised their price target on Vita Coco from $34.
00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.57.
Read Our Latest Report on COCOVita Coco Stock PerformanceVita Coco stock opened at $27.94 on Friday. The company has a 50 day moving average price of $35.
34 and a 200-day moving average price of $33.97. The company has a market capitalization of $1.
59 billion, a PE ratio of 28.22, a P/E/G ratio of 2.25 and a beta of 0.
34. The Vita Coco Company, Inc. has a fifty-two week low of $23.
00 and a fifty-two week high of $40.32. About Vita Coco (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.Featured StoriesFive stocks we like better than Vita CocoWant to Profit on the Downtrend? Downtrends, Explained.Archer Aviation’s Africa Deal Could Boost ACHR StockTechnology Stocks Explained: Here’s What to Know About TechAre Short Sellers Wrong About These 3 Semiconductor Stocks?Biggest Stock Losers – Today’s Biggest Percentage DeclinersBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?.
