VIZIO Holding Corp. (NYSE: VZIO – Get a rating) major shareholder Technology Co. Ltd. Amtran sold 25,000 shares in a transaction that took place on Tuesday, May 31. The stock was sold at an average price of $8.83, for a total value of $220,750.00. Following the transaction, the insider now owns 14,000,877 shares of the company, valued at approximately $123,627,743.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Large shareholders who hold more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Technology Co.Ltd. Amtran has also recently made the following trade(s):
- On Wednesday, May 25, Technology Co. Ltd. Amtran sold 25,000 VIZIO shares. The stock was sold at an average price of $7.96, for a total value of $199,000.00.
Shares of VZIO Stock traded at $0.19 during Wednesday trading hours, reaching $9.06. The company’s stock had a trading volume of 17,784 shares, compared to its average volume of 763,345. The company’s 50-day simple moving average is $8.20 and its 200-day simple moving average is $13.21. The company has a market capitalization of $1.75 billion, a price/earnings ratio of -30.59, a PEG ratio of 10.75 and a beta of 0.82. VIZIO Holding Corp. has a fifty-two week low of $6.62 and a fifty-two week high of $28.24.
VIZIO (NYSE: VZIO – Get a rating) last reported results on Thursday, May 12. The company reported ($0.06) earnings per share for the quarter, meeting analyst consensus estimates of ($0.06). The company posted revenue of $485.50 million for the quarter, versus a consensus estimate of $453.29 million. VIZIO posted a negative return on equity of 16.87% and a negative net margin of 2.55%. The company’s revenue decreased by 4.0% compared to the same quarter last year. During the same quarter last year, the company posted EPS of $0.02. On average, research analysts expect VIZIO Holding Corp. shows an EPS of 0.03 for the current year.
Hedge funds have recently changed their stakes in the company. Dark Forest Capital Management LP acquired a new stake in shares of VIZIO during Q3 at a value of $54,000. Geneos Wealth Management Inc. acquired a new equity stake in VIZIO during the 4th quarter at a value of $49,000. Future Financial Wealth Managment LLC acquired a new equity stake in VIZIO during Q4 valued at $78,000. Charles Schwab Investment Management Inc. increased its holdings of VIZIO shares by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 184,140 shares of the company valued at $1,638,000 after acquiring 4,468 additional shares last quarter. Finally, Advisor Group Holdings Inc. increased its holdings of VIZIO shares by 502.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 6,864 shares of the company valued at $133,000 after acquiring 5,724 additional shares in the last quarter. 23.19% of the shares are currently held by hedge funds and other institutional investors.
VZIO has been the subject of a number of recent research reports. Guggenheim lowered its target price on VIZIO from $24.00 to $14.00 and set a “buy” rating on the stock in a Thursday, April 21 research note. Craig Hallum lowered his price target on VIZIO from $20.00 to $13.00 in a Wednesday, April 20 research note. Piper Sandler lowered her price target on VIZIO from $21.00 to $15.00 in a Friday, May 13 research note. Barrington Research lowered its price target on VIZIO from $27.00 to $17.00 in a Monday, March 7 research note. Finally, Needham & Company LLC lowered its price target on VIZIO from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, March 4. Two investment analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $18.43.
About VIZIO (Get a rating)
VIZIO Holding Corp., through its subsidiaries, provides smart TVs, soundbars and accessories in the United States. It also operates Platform+ which includes SmartCast, a Smart TV operating system, enabling an integrated home entertainment solution, and intelligence and data services products through Inscape.
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