Vita Coco Company, Inc. $COCO Shares Sold by JW Asset Management LLC

JW Asset Management LLC reduced its holdings in Vita Coco Company, Inc. (NASDAQ:COCO) by 22.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 230,621 shares of the company’s stock after selling 65,000 shares during the period. Vita Coco accounts for about 4.1% of JW Asset Management LLC’s portfolio, making the stock its 6th largest holding. JW Asset Management LLC owned about 0.41% of Vita Coco worth $8,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COCO. Ameritas Advisory Services LLC bought a new position in shares of Vita Coco in the 2nd quarter valued at about $50,000. CWM LLC boosted its position in Vita Coco by 14.7% during the first quarter. CWM LLC now owns 2,868 shares of the company’s stock valued at $88,000 after purchasing an additional 367 shares during the last quarter. Militia Capital Partners LP boosted its position in Vita Coco by 60.0% during the first quarter. Militia Capital Partners LP now owns 3,200 shares of the company’s stock valued at $98,000 after purchasing an additional 1,200 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Vita Coco in the first quarter valued at approximately $111,000. Finally, US Bancorp DE increased its position in shares of Vita Coco by 7.5% during the 1st quarter. US Bancorp DE now owns 5,247 shares of the company’s stock worth $161,000 after purchasing an additional 364 shares during the last quarter. 88.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on COCO shares. Bank of America raised Vita Coco from a “neutral” rating to a “buy” rating and increased their price objective for the company from $48.00 to $54.00 in a report on Monday. Needham & Company LLC assumed coverage on shares of Vita Coco in a research note on Wednesday, September 24th. They issued a “hold” rating for the company. Evercore ISI lifted their price objective on shares of Vita Coco from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday. Piper Sandler set a $47.00 price objective on shares of Vita Coco and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley raised their target price on shares of Vita Coco from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.63.

Insider Activity at Vita Coco

In related news, CMO Jane Prior sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $45.24, for a total value of $452,400.00. Following the completion of the sale, the chief marketing officer directly owned 123,666 shares in the company, valued at $5,594,649.84. The trade was a 7.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Michael Kirban sold 5,102 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $44.00, for a total value of $224,488.00. Following the completion of the transaction, the chairman directly owned 1,479,049 shares in the company, valued at approximately $65,078,156. This represents a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,666,634 shares of company stock valued at $150,226,935. Insiders own 34.20% of the company’s stock.

Vita Coco Price Performance

NASDAQ:COCO opened at $45.43 on Tuesday. The company has a market cap of $2.59 billion, a P/E ratio of 39.50, a P/E/G ratio of 2.74 and a beta of 0.39. The firm’s fifty day moving average price is $41.29 and its two-hundred day moving average price is $37.59. Vita Coco Company, Inc. has a one year low of $25.79 and a one year high of $50.50.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The company had revenue of $182.31 million during the quarter, compared to analysts’ expectations of $154.96 million. During the same quarter last year, the company posted $0.32 EPS. Vita Coco’s quarterly revenue was up 37.2% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

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.