Point72 Asia Singapore Pte. Ltd. Takes $45,000 Position in VIZIO Holding Corp. (NYSE:VZIO)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in VIZIO Holding Corp. (NYSE:VZIO) in the third quarter, Holdings Channel.com reports. The firm acquired 4,037 shares of the company’s stock, valued at approximately $45,000.

Several other hedge funds also recently bought and sold shares of VZIO. Quest Partners LLC purchased a new position in VIZIO during the second quarter worth about $40,000. Future Financial Wealth Managment LLC bought a new stake in shares of VIZIO during the 3rd quarter valued at about $45,000. FMR LLC grew its holdings in shares of VIZIO by 77.9% during the third quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after purchasing an additional 2,739 shares in the last quarter. Principal Financial Group Inc. raised its stake in VIZIO by 19.1% in the second quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock valued at $130,000 after purchasing an additional 1,926 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in VIZIO during the second quarter valued at approximately $228,000. Hedge funds and other institutional investors own 66.24% of the company’s stock.

VIZIO Price Performance

Shares of NYSE:VZIO opened at $11.35 on Friday. The stock has a market cap of $2.30 billion, a PE ratio of 1,135.00 and a beta of 2.00. The company’s fifty day moving average is $11.25 and its 200 day moving average is $11.06. VIZIO Holding Corp. has a 52 week low of $6.84 and a 52 week high of $11.40.

Analysts Set New Price Targets

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

VIZIO 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.