Technology Co.Ltd. Amtran sells 45,000 shares of VIZIO Holding Corp. (NYSE: VZIO)


VIZIO Holding Corp. (NYSE: VZIOGet a rating) major shareholder Technology Co. Ltd. Amtran sold 45,000 shares of the company in a transaction dated Wednesday, June 8. The shares were sold at an average price of $9.13, for a total transaction of $410,850.00. Following completion of the transaction, the insider now owns 13,795,877 shares of the company, valued at approximately $125,956,357.01. The sale was disclosed in a filing with the SEC, accessible via this hyperlink. 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 Monday, June 6, Technology Co. Ltd. Amtran sold 45,000 VIZIO shares. The stock was sold at an average price of $9.51, for a total transaction of $427,950.00.
  • On Thursday, June 2, Technology Co. Ltd. Amtran sold 35,000 VIZIO shares. The stock was sold at an average price of $9.08, for a total transaction of $317,800.00.
  • On Tuesday, May 31, Technology Co. Ltd. Amtran sold 25,000 VIZIO shares. The stock was sold at an average price of $8.83, for a total transaction of $220,750.00.
  • 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 transaction of $199,000.00.

Shares of VZIO Stock traded down $0.66 during Thursday trading hours, hitting $8.71. 19,638 shares of the company were traded, compared to its average volume of 701,533. The stock’s 50-day simple moving average is $8.16 and its 200-day simple moving average is 12.76 $. The stock has a market capitalization of $1.68 billion, a PE ratio of -30.10, a growth price-earnings ratio of 10.42 and a beta of 0.78. VIZIO Holding Corp. has a 12-month low of $6.62 and a 12-month high of $28.24.

VIZIO (NYSE: VZIOGet a rating) last announced its results on Thursday, May 12. The company reported ($0.06) earnings per share for the quarter, meeting analyst consensus estimates of ($0.06). VIZIO had a negative net margin of 2.55% and a negative return on equity of 16.87%. The company posted revenue of $485.50 million in the quarter, compared to a consensus estimate of $453.29 million. In the same quarter last year, the company made earnings per share of $0.02. VIZIO’s quarterly revenue decreased 4.0% year over year. Stock analysts expect VIZIO Holding Corp. will show earnings per share of 0.03 for the current fiscal year.

Several analysts have recently released reports on the stock. Piper Sandler cut her price target on VIZIO shares from $21.00 to $15.00 in a Friday, May 13 research report. Guggenheim cut its price target on VIZIO shares from $24.00 to $14.00 and set a “buy” rating on the stock in a Thursday, April 21 research report. Barrington Research cut its price target on VIZIO shares from $27.00 to $17.00 in a Monday, March 7 research report. Zacks Investment Research upgraded VIZIO shares from a “sell” to a “hold” rating in a Friday, March 4 research report. Finally, Craig Hallum cut his price target on VIZIO shares from $20.00 to $13.00 in a Wednesday, April 20 research report. Two investment analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $18.43.

Hedge funds and other institutional investors have recently changed their positions in the stock. Geneos Wealth Management Inc. bought a new position in VIZIO during the fourth quarter at a value of $49,000. Dark Forest Capital Management LP acquired a new stake in VIZIO in the third quarter at a value of $54,000. Future Financial Wealth Management LLC acquired a new stake in VIZIO in the fourth quarter worth $78,000. National Bank of Canada FI acquired a new stake in VIZIO in the fourth quarter valued at $113,000. Finally, Keebeck Alpha LP acquired a new stake in VIZIO in the first quarter at a value of $113,000. 23.19% of the shares are held by institutional investors and hedge funds.

VIZIO Company Profile (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.

See also

Insider Buying and Selling by Quarter for VIZIO (NYSE:VZIO)



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