VIZIO Holding Corp. (NYSE:VZIO) Shares Purchased by Raymond James & Associates

Raymond James & Associates increased its stake in shares of VIZIO Holding Corp. (NYSE:VZIO) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,317 shares of the company’s stock after purchasing an additional 2,577 shares during the period. Raymond James & Associates’ holdings in VIZIO were worth $380,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of VZIO. SG Americas Securities LLC acquired a new position in shares of VIZIO during the 3rd quarter worth approximately $242,000. Bank of New York Mellon Corp grew its stake in VIZIO by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 240,839 shares of the company’s stock worth $1,303,000 after acquiring an additional 26,239 shares during the period. Duality Advisers LP grew its stake in VIZIO by 64.3% in the 3rd quarter. Duality Advisers LP now owns 42,634 shares of the company’s stock worth $231,000 after acquiring an additional 16,680 shares during the period. Assenagon Asset Management S.A. purchased a new stake in VIZIO in the 3rd quarter worth approximately $1,014,000. Finally, Jump Financial LLC purchased a new stake in VIZIO in the 3rd quarter worth approximately $589,000. 66.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at VIZIO

In other VIZIO news, Director David Eugene Russell sold 300,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total value of $2,973,000.00. Following the transaction, the director now owns 2,536,542 shares in the company, valued at approximately $25,137,131.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 45.06% of the company’s stock.

Analyst Ratings Changes

VZIO has been the subject of several recent analyst reports. B. Riley cut shares of VIZIO from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research note on Tuesday, February 20th. Barrington Research cut shares of VIZIO from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 20th. Roth Capital cut shares of VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $11.50 price objective (up from $10.00) on shares of VIZIO in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 price objective (up from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat.com, VIZIO has a consensus rating of “Hold” and an average price target of $10.77.

VIZIO Trading Down 0.1 %

NYSE:VZIO opened at $10.75 on Friday. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 71.67, a PEG ratio of 2.12 and a beta of 2.12. The firm’s fifty day simple moving average is $10.90 and its 200 day simple moving average is $8.28. VIZIO Holding Corp. has a twelve month low of $4.82 and a twelve month high of $11.28.

VIZIO (NYSE:VZIO) last posted its earnings results on Tuesday, February 27th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $502.60 million for the quarter, compared to analyst estimates of $498.83 million. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. On average, analysts predict that VIZIO Holding Corp. will post 0.2 earnings per share for the current year.

About VIZIO

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.