VIZIO Holding Corp. (NYSE:VZIO) Shares Bought by Alpine Associates Management Inc.

Alpine Associates Management Inc. lifted its position in shares of VIZIO Holding Corp. (NYSE:VZIO) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,080,298 shares of the company’s stock after buying an additional 271,650 shares during the quarter. VIZIO makes up about 1.6% of Alpine Associates Management Inc.’s holdings, making the stock its 19th largest position. Alpine Associates Management Inc.’s holdings in VIZIO were worth $33,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VZIO. Charles Schwab Investment Management Inc. raised its position in VIZIO by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 740,205 shares of the company’s stock worth $5,700,000 after acquiring an additional 20,826 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of VIZIO during the 4th quarter worth approximately $307,000. Corient Private Wealth LLC lifted its stake in VIZIO by 34.7% in the 4th quarter. Corient Private Wealth LLC now owns 800,118 shares of the company’s stock valued at $6,161,000 after buying an additional 205,958 shares in the last quarter. Trexquant Investment LP grew its holdings in VIZIO by 10.4% during the 4th quarter. Trexquant Investment LP now owns 243,446 shares of the company’s stock valued at $1,875,000 after buying an additional 22,923 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in VIZIO by 8.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,488,732 shares of the company’s stock worth $19,163,000 after buying an additional 188,430 shares in the last quarter. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research report on Friday, June 21st. Barrington Research raised shares of VIZIO from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 29th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.72.

VIZIO Price Performance

NYSE:VZIO opened at $11.12 on Monday. The company has a market cap of $2.20 billion, a P/E ratio of 123.56 and a beta of 2.04. The firm’s 50 day moving average is $11.07 and its two-hundred day moving average is $10.88. VIZIO Holding Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $11.30.

Insider Buying and Selling

In other VIZIO news, CEO William Wei Wang sold 111,114 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $10.63, for a total transaction of $1,181,141.82. Following the completion of the sale, the chief executive officer now directly owns 2,281,144 shares in the company, valued at $24,248,560.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Michael Joseph O’donnell sold 2,555 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total transaction of $28,437.15. Following the completion of the sale, the insider now directly owns 602,364 shares of the company’s stock, valued at approximately $6,704,311.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William Wei Wang sold 111,114 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $10.63, for a total value of $1,181,141.82. Following the completion of the transaction, the chief executive officer now directly owns 2,281,144 shares in the company, valued at $24,248,560.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 240,080 shares of company stock valued at $2,553,328. 44.68% of the stock is currently owned by company insiders.

About VIZIO

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.