Voisard Asset Management Group Inc. Takes Position in VIZIO Holding Corp. (NYSE:VZIO)

Voisard Asset Management Group Inc. bought a new stake in VIZIO Holding Corp. (NYSE:VZIOFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,715 shares of the company’s stock, valued at approximately $167,000.

Several other institutional investors also recently modified their holdings of VZIO. Vanguard Group Inc. grew its holdings in VIZIO by 12.6% during the third quarter. Vanguard Group Inc. now owns 6,626,420 shares of the company’s stock valued at $35,849,000 after purchasing an additional 740,941 shares during the period. American Century Companies Inc. grew its holdings in VIZIO by 20.2% during the third quarter. American Century Companies Inc. now owns 3,130,122 shares of the company’s stock valued at $16,934,000 after purchasing an additional 525,334 shares during the period. The Manufacturers Life Insurance Company grew its holdings in VIZIO by 8.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,488,732 shares of the company’s stock valued at $19,163,000 after purchasing an additional 188,430 shares during the period. Corient Private Wealth LLC grew its holdings in VIZIO by 34.7% during the fourth quarter. Corient Private Wealth LLC now owns 800,118 shares of the company’s stock valued at $6,161,000 after purchasing an additional 205,958 shares during the period. Finally, Kennedy Capital Management LLC grew its holdings in VIZIO by 798.8% during the third quarter. Kennedy Capital Management LLC now owns 765,486 shares of the company’s stock valued at $4,141,000 after purchasing an additional 680,322 shares during the period. 66.24% of the stock is owned by institutional investors.

Insider Buying and Selling at VIZIO

In other VIZIO news, CEO William Wei Wang sold 135,046 shares of VIZIO stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $10.54, for a total transaction of $1,423,384.84. Following the sale, the chief executive officer now directly owns 1,529,972 shares of the company’s stock, valued at approximately $16,125,904.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Adam R. Townsend sold 97,110 shares of VIZIO stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total transaction of $1,022,568.30. Following the completion of the transaction, the chief financial officer now directly owns 482,562 shares in the company, valued at $5,081,377.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William Wei Wang sold 135,046 shares of VIZIO stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.54, for a total transaction of $1,423,384.84. Following the transaction, the chief executive officer now owns 1,529,972 shares of the company’s stock, valued at $16,125,904.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,377 shares of company stock valued at $3,217,108. 44.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Roth Capital lowered VIZIO from a “buy” rating to a “neutral” rating in a report on Wednesday, February 21st. Craig Hallum reaffirmed a “hold” rating on shares of VIZIO in a report on Wednesday, February 21st. Roth Mkm reiterated a “neutral” rating and issued a $11.50 price objective (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 21st. TheStreet upgraded VIZIO from a “d+” rating to a “c-” rating in a research report on Tuesday, February 20th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $11.50 price objective (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, VIZIO presently has a consensus rating of “Hold” and an average target price of $10.77.

Get Our Latest Report on VZIO

VIZIO Trading Up 0.4 %

Shares of NYSE:VZIO traded up $0.04 on Friday, reaching $10.70. 1,558,386 shares of the company traded hands, compared to its average volume of 2,653,690. The business’s 50-day simple moving average is $10.67 and its 200 day simple moving average is $9.44. VIZIO Holding Corp. has a 52 week low of $4.82 and a 52 week high of $11.28. The stock has a market capitalization of $2.12 billion, a P/E ratio of 118.89, a price-to-earnings-growth ratio of 4.34 and a beta of 2.05.

VIZIO (NYSE:VZIOGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $353.90 million during the quarter, compared to the consensus estimate of $373.95 million. VIZIO had a return on equity of 3.91% and a net margin of 1.00%. VIZIO’s revenue was down .8% compared to the same quarter last year. Sell-side analysts expect that VIZIO Holding Corp. will post 0.1 EPS for the current fiscal year.

About VIZIO

(Free Report)

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.

Featured Articles

Institutional Ownership by Quarter for VIZIO (NYSE:VZIO)

Receive News & Ratings for VIZIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VIZIO and related companies with MarketBeat.com's FREE daily email newsletter.