JPMorgan Chase & Co. Has $13.25 Million Holdings in Viasat Inc. $VSAT

Key Points

• JPMorgan trimmed its stake in Viasat by 9.7% in Q3, selling 48,723 shares and now holds 452,064 shares valued at about $13.25 million (≈0.33% of the company).
• Insiders sold 140,881 shares worth roughly $5.97 million in the last quarter; insiders now own 2.20% of Viasat while institutional investors hold 86.05%.
• Analyst consensus is a "Moderate Buy" with a consensus price target of $47.71; shares recently traded near $46.58 with a 52-week range of $7.36–$52.70 and a market cap of $6.33 billion.

JPMorgan Chase & Co. lessened its position in Viasat Inc. (NASDAQ:VSAT - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 452,064 shares of the communications equipment provider's stock after selling 48,723 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.33% of Viasat worth $13,245,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in Viasat during the 3rd quarter valued at $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Viasat in the third quarter worth $28,000. Hantz Financial Services Inc. boosted its position in shares of Viasat by 6,815.4% in the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider's stock worth $26,000 after buying an additional 886 shares during the period. Activest Wealth Management purchased a new position in shares of Viasat during the third quarter valued at $44,000. Finally, Larson Financial Group LLC grew its holdings in shares of Viasat by 7,380.0% during the third quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider's stock valued at $66,000 after buying an additional 2,214 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.

Viasat Stock Performance

Shares of NASDAQ VSAT opened at $46.58 on Friday. The business's 50-day moving average price is $45.95 and its two-hundred day moving average price is $38.86. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.90. Viasat Inc. has a one year low of $7.36 and a one year high of $52.70. The company has a market capitalization of $6.33 billion, a P/E ratio of -17.98 and a beta of 1.44.

Insiders Place Their Bets

In other Viasat news, SVP Benjamin Edward Palmer sold 2,400 shares of Viasat stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.21, for a total value of $110,904.00. Following the completion of the sale, the senior vice president directly owned 25,431 shares in the company, valued at $1,175,166.51. The trade was a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Camellia E. Fitzgerald sold 2,810 shares of Viasat stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $48.00, for a total transaction of $134,880.00. Following the completion of the sale, the chief accounting officer owned 9,946 shares of the company's stock, valued at $477,408. This trade represents a 22.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 140,881 shares of company stock worth $5,973,317 in the last quarter. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on VSAT. Morgan Stanley set a $51.00 price objective on Viasat in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and lifted their target price for the company from $36.00 to $48.00 in a research note on Friday, February 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Viasat in a research report on Wednesday, January 21st. William Blair restated an "outperform" rating on shares of Viasat in a report on Tuesday, January 13th. Finally, Needham & Company LLC boosted their price objective on shares of Viasat from $45.00 to $58.00 and gave the company a "buy" rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.71.

About Viasat

Viasat, Inc NASDAQ: VSAT provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat's product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.

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