Mirae Asset Global Investments Co. Ltd. Raises Stock Position in VIZIO Holding Corp. (NYSE:VZIO)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of VIZIO Holding Corp. (NYSE:VZIO) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,129 shares of the company’s stock after buying an additional 6,048 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in VIZIO were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VZIO. AXQ Capital LP purchased a new stake in shares of VIZIO during the 3rd quarter worth approximately $63,000. Fox Run Management L.L.C. purchased a new stake in VIZIO in the 3rd quarter valued at $95,000. Dark Forest Capital Management LP purchased a new stake in VIZIO in the 3rd quarter valued at $141,000. Financial Management Professionals Inc. raised its position in VIZIO by 45.2% in the 4th quarter. Financial Management Professionals Inc. now owns 18,315 shares of the company’s stock valued at $141,000 after purchasing an additional 5,703 shares during the last quarter. Finally, Prudent Man Advisors LLC purchased a new stake in VIZIO in the 3rd quarter valued at $148,000. Hedge funds and other institutional investors own 66.24% of the company’s stock.

Wall Street Analyst Weigh In

VZIO has been the subject of several research reports. B. Riley downgraded shares of VIZIO from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a research report on Tuesday, February 20th. Piper Sandler reiterated a “neutral” rating and issued a $11.50 price target (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th. TheStreet upgraded shares of VIZIO from a “d+” rating to a “c-” rating in a research report on Tuesday, February 20th. Barrington Research cut shares of VIZIO from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $11.50 price objective (up from $10.00) on shares of VIZIO in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.77.

Insider Transactions at VIZIO

In related news, Director David Eugene Russell sold 300,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $9.91, for a total value of $2,973,000.00. Following the sale, the director now directly owns 2,536,542 shares of the company’s stock, valued at approximately $25,137,131.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 45.06% of the company’s stock.

VIZIO Stock Down 0.1 %

NYSE:VZIO opened at $10.75 on Friday. VIZIO Holding Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $11.28. The stock has a market cap of $2.13 billion, a PE ratio of 71.67, a price-to-earnings-growth ratio of 2.12 and a beta of 2.12. The firm’s fifty day simple moving average is $10.90 and its 200-day simple moving average is $8.28.

VIZIO (NYSE:VZIO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. VIZIO had a net margin of 1.68% and a return on equity of 6.84%. The business had revenue of $502.60 million for the quarter, compared to analysts’ expectations of $498.83 million. During the same period in the prior year, the company posted $0.03 EPS. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. Equities analysts anticipate that VIZIO Holding Corp. will post 0.2 earnings per share for the current year.

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.