VIZIO Holding Corp. (NYSE:VZIO) CEO William Wei Wang Sells 135,046 Shares

VIZIO Holding Corp. (NYSE:VZIO) CEO William Wei Wang sold 135,046 shares of the stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

VIZIO Stock Performance

Shares of VIZIO stock traded up $0.04 during trading on Friday, hitting $10.62. The company’s stock had a trading volume of 1,057,682 shares, compared to its average volume of 2,788,565. The company has a fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $9.00. The company has a market capitalization of $2.10 billion, a PE ratio of 118.01, a P/E/G ratio of 3.02 and a beta of 2.08. VIZIO Holding Corp. has a 52 week low of $4.82 and a 52 week high of $11.28.

VIZIO (NYSE:VZIO) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $353.90 million for the quarter, compared to the consensus estimate of $373.95 million. VIZIO had a net margin of 1.00% and a return on equity of 3.91%. The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts predict that VIZIO Holding Corp. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VZIO. Roth Mkm reissued a “neutral” rating and set a $11.50 price target (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 21st. Craig Hallum reaffirmed a “hold” rating on shares of VIZIO in a research report on Wednesday, February 21st. 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 report on Tuesday, February 20th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $11.50 target price (up from $10.00) on shares of VIZIO in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.50 target price (up from $10.00) on shares of VIZIO in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, VIZIO has an average rating of “Hold” and a consensus target price of $10.77.

Institutional Trading of VIZIO

Institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in VIZIO by 65.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 310,019 shares of the company’s stock valued at $2,387,000 after purchasing an additional 122,613 shares in the last quarter. Algert Global LLC bought a new stake in VIZIO during the 3rd quarter valued at about $2,265,000. First Eagle Investment Management LLC increased its stake in VIZIO by 51.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 593,311 shares of the company’s stock valued at $3,210,000 after purchasing an additional 200,261 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in VIZIO by 54.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 719,379 shares of the company’s stock valued at $3,892,000 after purchasing an additional 253,750 shares in the last quarter. Finally, Trexquant Investment LP boosted its holdings in shares of VIZIO by 555.4% during the 3rd quarter. Trexquant Investment LP now owns 220,523 shares of the company’s stock valued at $1,193,000 after acquiring an additional 186,875 shares during the last quarter. 66.24% of the stock is currently owned by 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.