Assenagon Asset Management S.A. Purchases 122,613 Shares of VIZIO Holding Corp. (NYSE:VZIO)

Assenagon Asset Management S.A. lifted its position in shares of VIZIO Holding Corp. (NYSE:VZIOFree Report) by 65.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,019 shares of the company’s stock after purchasing an additional 122,613 shares during the quarter. Assenagon Asset Management S.A. owned about 0.16% of VIZIO worth $2,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in VIZIO by 15.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,163 shares of the company’s stock worth $90,000 after acquiring an additional 1,664 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in VIZIO by 4.5% in the second quarter. MetLife Investment Management LLC now owns 39,019 shares of the company’s stock worth $263,000 after acquiring an additional 1,692 shares in the last quarter. Deutsche Bank AG boosted its holdings in 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 acquiring an additional 2,501 shares in the last quarter. Raymond James & Associates boosted its holdings in VIZIO by 5.5% in the fourth quarter. Raymond James & Associates now owns 49,317 shares of the company’s stock worth $380,000 after acquiring an additional 2,577 shares in the last quarter. Finally, UBS Group AG boosted its holdings in VIZIO by 88.9% in the third quarter. UBS Group AG now owns 6,378 shares of the company’s stock worth $56,000 after acquiring an additional 3,002 shares in the last quarter. 66.24% of the stock is currently owned by institutional investors.

Insider Activity at VIZIO

In related news, Director David Eugene Russell sold 300,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $9.91, for a total transaction of $2,973,000.00. Following the completion of the sale, the director now owns 2,536,542 shares in the company, valued at $25,137,131.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 45.06% of the stock is owned by company insiders.

VIZIO Stock Performance

VIZIO stock opened at $10.97 on Thursday. The stock has a market cap of $2.17 billion, a PE ratio of 73.10, a price-to-earnings-growth ratio of 2.15 and a beta of 2.12. VIZIO Holding Corp. has a one year low of $4.82 and a one year high of $11.28. The stock has a fifty day moving average of $9.89 and a 200 day moving average of $7.64.

VIZIO (NYSE:VZIOGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $502.60 million during the quarter, compared to analysts’ expectations of $498.83 million. VIZIO had a return on equity of 6.84% and a net margin of 1.68%. VIZIO’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share. As a group, sell-side analysts predict that VIZIO Holding Corp. will post 0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on VZIO. Piper Sandler reissued a “neutral” rating and issued a $11.50 target price (down from $12.00) on shares of VIZIO in a report on Wednesday, February 28th. B. Riley cut VIZIO from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a research note on Tuesday, February 20th. TheStreet upgraded VIZIO from a “d+” rating to a “c-” rating in a research note on Tuesday, February 20th. Roth Capital cut VIZIO from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $11.50 price target (up previously from $10.00) on shares of VIZIO in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.77.

Read Our Latest Stock Analysis on VIZIO

VIZIO Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VIZIO (NYSE:VZIO)

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