D. E. Shaw & Co. Inc. Has $41.71 Million Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

D. E. Shaw & Co. Inc. lifted its stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,130,117 shares of the company’s stock after purchasing an additional 64,011 shares during the period. D. E. Shaw & Co. Inc. owned approximately 1.99% of Vita Coco worth $41,713,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Barclays PLC increased its position in Vita Coco by 200.6% in the third quarter. Barclays PLC now owns 69,504 shares of the company’s stock worth $1,969,000 after purchasing an additional 46,385 shares during the period. GAMMA Investing LLC grew its position in shares of Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after buying an additional 360 shares during the period. West Coast Financial LLC raised its stake in shares of Vita Coco by 1.2% during the fourth quarter. West Coast Financial LLC now owns 91,841 shares of the company’s stock worth $3,390,000 after buying an additional 1,109 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Vita Coco by 94.2% in the fourth quarter. SG Americas Securities LLC now owns 23,707 shares of the company’s stock valued at $875,000 after buying an additional 11,500 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Vita Coco in the fourth quarter valued at approximately $52,000. 88.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

COCO has been the topic of several recent research reports. Wells Fargo & Company reduced their price target 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 restated an “equal weight” rating and set a $32.00 target price on shares of Vita Coco in a report on Thursday, March 27th. Evercore ISI upped their price target on Vita Coco from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group set a $41.00 price objective on shares of Vita Coco and gave the company a “buy” rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Vita Coco Price Performance

COCO stock opened at $33.27 on Friday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a fifty-two week low of $23.56 and a fifty-two week high of $40.32. The business has a 50-day moving average of $32.29 and a 200-day moving average of $34.53.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm 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 posted $0.24 EPS. The business’s revenue was up 17.2% on a year-over-year basis. Equities analysts expect that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Insider Buying and Selling at Vita Coco

In other news, Director Ira Liran sold 20,235 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the sale, the director now owns 814,302 shares in the company, valued at $32,629,081.14. This represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jonathan Burth sold 700 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $40.25, for a total transaction of $28,175.00. Following the completion of the transaction, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at $4,190,347. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,358 shares of company stock worth $2,865,456. Insiders own 32.30% of the company’s stock.

About Vita Coco

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.