VIZIO (NYSE:VZIO) Hits New 1-Year High – What’s Next?

VIZIO Holding Corp. (NYSE:VZIO) shares reached a new 52-week high on Monday . The stock traded as high as $11.37 and last traded at $11.35, with a volume of 1277769 shares. The stock had previously closed at $11.27.

Analyst Ratings Changes

Several brokerages have recently commented on VZIO. Barrington Research cut shares of VIZIO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.08.

VIZIO Price Performance

The company has a fifty day moving average price of $11.21 and a 200 day moving average price of $10.98. The company has a market capitalization of $2.29 billion, a P/E ratio of 1,127.00 and a beta of 2.03.

Insider Buying and Selling at VIZIO

In other news, insider Michael Joseph O’donnell sold 2,555 shares of VIZIO stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total value of $28,437.15. Following the transaction, the insider now directly owns 602,364 shares of the company’s stock, valued at $6,704,311.32. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 44.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On VIZIO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VZIO. Pentwater Capital Management LP lifted its stake in VIZIO by 1,294.9% in the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock valued at $73,440,000 after acquiring an additional 6,312,500 shares during the last quarter. Magnetar Financial LLC bought a new stake in VIZIO during the first quarter worth approximately $43,318,000. Vanguard Group Inc. raised its holdings in VIZIO by 13.6% in the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after acquiring an additional 918,300 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of VIZIO during the 3rd quarter worth about $10,087,000. Finally, Gabelli Funds LLC acquired a new position in shares of VIZIO during the first quarter worth approximately $9,784,000. Hedge funds and other institutional investors own 66.24% of the company’s stock.

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.