The Vita Coco Company, Inc. (NASDAQ:COCO) Position Trimmed by Nia Impact Advisors LLC

Nia Impact Advisors LLC trimmed its holdings in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,672 shares of the company’s stock after selling 363 shares during the period. Nia Impact Advisors LLC’s holdings in Vita Coco were worth $2,313,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Vita Coco by 200.6% during the third quarter. Barclays PLC now owns 69,504 shares of the company’s stock worth $1,969,000 after buying an additional 46,385 shares in the last quarter. Pier Capital LLC boosted its holdings in Vita Coco by 39.6% during the fourth quarter. Pier Capital LLC now owns 200,623 shares of the company’s stock worth $7,405,000 after buying an additional 56,879 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Vita Coco in the 4th quarter valued at approximately $7,985,000. Renaissance Technologies LLC purchased a new stake in shares of Vita Coco in the 4th quarter valued at approximately $458,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Vita Coco in the 4th quarter valued at approximately $399,000. 88.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director John Zupo sold 8,000 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $34.77, for a total transaction of $278,160.00. Following the transaction, the director now owns 8,876 shares in the company, valued at $308,618.52. This represents a 47.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Beverages Sa Verlinvest sold 3,766,762 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $34.25, for a total transaction of $129,011,598.50. Following the transaction, the insider now owns 7,097,161 shares in the company, valued at approximately $243,077,764.25. This trade represents a 34.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,853,420 shares of company stock worth $132,127,204 in the last quarter. 32.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Evercore ISI upped their price target on shares of Vita Coco from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price target on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Stephens restated an “equal weight” rating and issued a $32.00 price target on shares of Vita Coco in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group set a $41.00 price target on shares of Vita Coco and gave the company a “buy” rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Vita Coco has a consensus rating of “Moderate Buy” and a consensus target price of $35.38.

Vita Coco Stock Up 1.3%

COCO stock opened at $33.15 on Wednesday. The Vita Coco Company, Inc. has a 12-month low of $23.56 and a 12-month high of $40.32. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.25 and a beta of 0.38. The company has a 50 day moving average of $32.29 and a two-hundred day moving average of $34.59.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, April 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company had revenue of $130.92 million during the quarter, compared to the consensus estimate of $125.64 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, research analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS 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.