Vanguard Group Inc. Buys 740,941 Shares of VIZIO Holding Corp. (NYSE:VZIO)

Vanguard Group Inc. boosted its stake in shares of VIZIO Holding Corp. (NYSE:VZIO - Free Report) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,626,420 shares of the company's stock after purchasing an additional 740,941 shares during the period. Vanguard Group Inc. owned approximately 3.36% of VIZIO worth $35,849,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of VIZIO by 15.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,163 shares of the company's stock valued at $90,000 after acquiring an additional 1,664 shares during the period. MetLife Investment Management LLC increased its holdings in shares of VIZIO by 4.5% in the second quarter. MetLife Investment Management LLC now owns 39,019 shares of the company's stock valued at $263,000 after purchasing an additional 1,692 shares during the period. Deutsche Bank AG raised its stake in shares of VIZIO by 8.6% in the fourth quarter. Deutsche Bank AG now owns 31,675 shares of the company's stock worth $235,000 after purchasing an additional 2,501 shares during the last quarter. UBS Group AG lifted its holdings in shares of VIZIO by 88.9% during the third quarter. UBS Group AG now owns 6,378 shares of the company's stock worth $56,000 after purchasing an additional 3,002 shares during the period. Finally, Raymond James & Associates increased its holdings in VIZIO by 7.8% in the 3rd quarter. Raymond James & Associates now owns 46,740 shares of the company's stock worth $253,000 after buying an additional 3,369 shares during the period. Institutional investors and hedge funds own 66.24% of the company's stock.

VIZIO Price Performance

Shares of NYSE:VZIO traded down $0.01 on Thursday, reaching $10.78. The company's stock had a trading volume of 2,901,775 shares, compared to its average volume of 2,703,913. VIZIO Holding Corp. has a 52-week low of $4.82 and a 52-week high of $11.28. The stock has a market capitalization of $2.13 billion, a P/E ratio of 71.83, a PEG ratio of 2.14 and a beta of 2.12. The stock's 50-day moving average is $10.33 and its two-hundred day moving average is $7.84.

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

Insider Buying and Selling

In other news, Director David Eugene Russell sold 300,000 shares of the business's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the transaction, the director now directly owns 2,536,542 shares in the company, valued at $25,137,131.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 45.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VZIO shares. Roth Capital cut shares of VIZIO from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $11.50 price target (up from $10.00) on shares of VIZIO in a report on Wednesday, February 21st. TheStreet upgraded VIZIO from a "d+" rating to a "c-" rating in a report on Tuesday, February 20th. Barrington Research cut VIZIO from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 20th. Finally, B. Riley lowered shares of VIZIO from a "buy" rating to a "neutral" rating and set a $11.50 price target on the stock. in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.77.

VIZIO Company 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.