Insider Selling: VIZIO Holding Corp. (NYSE:VZIO) COO Sells 59,449 Shares of Stock

VIZIO Holding Corp. (NYSE:VZIO) COO Ben Bun Wong sold 59,449 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total transaction of $625,997.97. Following the completion of the transaction, the chief operating officer now owns 3,261,702 shares of the company’s stock, valued at approximately $34,345,722.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

VIZIO Trading Up 0.4 %

VZIO stock opened at $10.62 on Monday. VIZIO Holding Corp. has a one year low of $4.82 and a one year high of $11.28. The firm has a market capitalization of $2.10 billion, a PE ratio of 118.00, a P/E/G ratio of 3.03 and a beta of 2.08. The firm has a 50-day moving average of $10.74 and a two-hundred day moving average of $9.05.

VIZIO (NYSE:VZIO) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). VIZIO had a net margin of 1.00% and a return on equity of 3.91%. The firm had revenue of $353.90 million for the quarter, compared to analysts’ expectations of $373.95 million. The firm’s revenue was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that VIZIO Holding Corp. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VZIO shares. Piper Sandler reiterated a “neutral” rating and issued a $11.50 target price (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research report on Tuesday, April 16th. Roth Mkm reiterated a “neutral” rating and issued a $11.50 target price (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 21st. Craig Hallum reiterated a “hold” rating on shares of VIZIO in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.50 price target (up from $10.00) on shares of VIZIO in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.77.

Institutional Trading of VIZIO

Hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in shares of VIZIO by 8.5% in the first quarter. ProShare Advisors LLC now owns 13,801 shares of the company’s stock worth $151,000 after purchasing an additional 1,086 shares in the last quarter. Arizona State Retirement System lifted its position in shares of VIZIO by 8.4% in the fourth quarter. Arizona State Retirement System now owns 20,153 shares of the company’s stock worth $155,000 after purchasing an additional 1,570 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of VIZIO by 0.3% in the fourth quarter. First Eagle Investment Management LLC now owns 595,373 shares of the company’s stock worth $4,584,000 after purchasing an additional 2,062 shares in the last quarter. Raymond James & Associates lifted its position in shares of VIZIO by 5.5% in the fourth quarter. Raymond James & Associates now owns 49,317 shares of the company’s stock worth $380,000 after purchasing an additional 2,577 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of VIZIO by 26.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock worth $109,000 after purchasing an additional 2,979 shares in the last quarter. 66.24% of the stock is owned by hedge funds and other institutional investors.

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.