Gilder Gagnon Howe & Co. LLC Sells 9,964 Shares of Vita Coco Company, Inc. $COCO

Gilder Gagnon Howe & Co. LLC reduced its stake in shares of Vita Coco Company, Inc. (NASDAQ:COCO) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 641,007 shares of the company’s stock after selling 9,964 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Vita Coco were worth $23,140,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MAI Capital Management bought a new stake in shares of Vita Coco during the second quarter worth $33,000. EverSource Wealth Advisors LLC boosted its stake in Vita Coco by 5,376.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $49,000 after purchasing an additional 1,344 shares during the period. Ameritas Advisory Services LLC bought a new position in Vita Coco during the 2nd quarter worth about $50,000. Amitell Capital Pte Ltd acquired a new stake in shares of Vita Coco in the 2nd quarter valued at about $114,000. Finally, Militia Capital Partners LP lifted its holdings in shares of Vita Coco by 60.0% in 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 in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analysts Set New Price Targets

COCO has been the subject of a number of research reports. Needham & Company LLC started coverage on Vita Coco in a report on Wednesday, September 24th. They set a “hold” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vita Coco in a research note on Monday, December 1st. Evercore ISI boosted their price objective on shares of Vita Coco from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Jefferies Financial Group increased their target price on shares of Vita Coco from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Bank of America upgraded shares of Vita Coco from a “neutral” rating to a “buy” rating and lifted their price target for the company from $48.00 to $54.00 in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Vita Coco has an average rating of “Moderate Buy” and a consensus price target of $51.88.

Insider Buying and Selling

In other news, Director John Zupo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $43.72, for a total value of $437,200.00. Following the completion of the sale, the director directly owned 12,162 shares of the company’s stock, valued at $531,722.64. This trade represents a 45.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kenneth Sadowsky sold 3,900 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $47.12, for a total value of $183,768.00. Following the sale, the director directly owned 616,066 shares of the company’s stock, valued at $29,029,029.92. This represents a 0.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,641,153 shares of company stock worth $150,711,513 in the last 90 days. 32.30% of the stock is owned by corporate insiders.

Vita Coco Trading Up 0.4%

NASDAQ COCO opened at $54.56 on Friday. The company has a market cap of $3.11 billion, a PE ratio of 47.44, a PEG ratio of 1.81 and a beta of 0.37. Vita Coco Company, Inc. has a 12 month low of $25.79 and a 12 month high of $55.09. The stock has a 50 day moving average of $45.76 and a 200-day moving average of $39.83.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $182.31 million for the quarter, compared to the consensus estimate of $154.96 million. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. As a group, sell-side analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Vita Coco 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.