Assenagon Asset Management S.A. Has $2.39 Million Stock Position in VIZIO Holding Corp. (NYSE:VZIO)

Assenagon Asset Management S.A. grew its position in shares of VIZIO Holding Corp. (NYSE:VZIO - Free Report) by 65.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310,019 shares of the company's stock after buying an additional 122,613 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.16% of VIZIO worth $2,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in shares of VIZIO by 5.5% during the fourth quarter. Raymond James & Associates now owns 49,317 shares of the company's stock valued at $380,000 after purchasing an additional 2,577 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of VIZIO by 36.8% during the fourth quarter. SG Americas Securities LLC now owns 61,274 shares of the company's stock valued at $472,000 after purchasing an additional 16,499 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of VIZIO by 45.2% during the fourth quarter. Financial Management Professionals Inc. now owns 18,315 shares of the company's stock valued at $141,000 after purchasing an additional 5,703 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 last quarter. Finally, American Century Companies Inc. grew its stake in shares of 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 last quarter. 66.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on VZIO shares. Needham & Company LLC reissued a "hold" rating on shares of VIZIO in a research note on Tuesday, February 20th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $11.50 price objective (up from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. Piper Sandler reaffirmed a "neutral" rating and issued a $11.50 price objective (down from $12.00) on shares of VIZIO in a research note on Wednesday, February 28th. Craig Hallum reaffirmed a "hold" rating on shares of VIZIO in a research note on Wednesday, February 21st. Finally, Barrington Research cut shares of VIZIO from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 20th. 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 price target of $10.77.

Insider Activity at VIZIO

In related 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 sale, the director now directly owns 2,536,542 shares of the company's stock, valued at approximately $25,137,131.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 45.06% of the stock is currently owned by insiders.

VIZIO Price Performance

VZIO traded down $0.06 during mid-day trading on Thursday, hitting $10.91. The stock had a trading volume of 2,711,855 shares, compared to its average volume of 2,745,060. The stock's fifty day simple moving average is $9.89 and its 200-day simple moving average is $7.64. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 73.10, a price-to-earnings-growth ratio of 2.14 and a beta of 2.12. VIZIO Holding Corp. has a 1-year low of $4.82 and a 1-year high of $11.28.

VIZIO (NYSE:VZIO - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The company 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 revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. As a group, research analysts expect that VIZIO Holding Corp. will post 0.2 earnings per share for the current fiscal year.

VIZIO Profile

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.