Technology Co. Ltd. Amtran Sells 100,000 Shares of VIZIO Holding Corp. (NYSE:VZIO) Stock

VIZIO Holding Corp. (NYSE:VZIO – Get Rating) major shareholder Technology Co. Ltd. Amtran sold 100,000 shares of VIZIO stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $9.17, for a total transaction of $917,000.00. Following the completion of the sale, the insider now owns 12,875,877 shares of the company’s stock, valued at approximately $118,071,792.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Technology Co. Ltd. Amtran also recently made the following trade(s):

• On Monday, July 25th, Technology Co. Ltd. Amtran sold 40,000 shares of VIZIO stock. The shares were sold at an average price of $8.85, for a total transaction of $354,000.00.
• On Thursday, July 21st, Technology Co. Ltd. Amtran sold 31,210 shares of VIZIO stock. The shares were sold at an average price of $8.73, for a total transaction of $272,463.30.
• On Wednesday, July 13th, Technology Co. Ltd. Amtran sold 40,000 shares of VIZIO stock. The shares were sold at an average price of $7.51, for a total transaction of $300,400.00.
• On Monday, June 27th, Technology Co. Ltd. Amtran sold 70,000 shares of VIZIO stock. The shares were sold at an average price of $8.08, for a total transaction of $565,600.00.
• On Thursday, June 23rd, Technology Co. Ltd. Amtran sold 70,000 shares of VIZIO stock. The shares were sold at an average price of $8.73, for a total transaction of $611,100.00.
• On Tuesday, June 21st, Technology Co. Ltd. Amtran sold 80,000 shares of VIZIO stock. The shares were sold at an average price of $9.00, for a total transaction of $720,000.00.
• On Wednesday, June 15th, Technology Co. Ltd. Amtran sold 64,445 shares of VIZIO stock. The shares were sold at an average price of $8.84, for a total transaction of $569,693.80.
• On Monday, June 13th, Technology Co. Ltd. Amtran sold 30,000 shares of VIZIO stock. The stock was sold at an average price of $8.03, for a total transaction of $240,900.00.
• On Wednesday, June 8th, Technology Co. Ltd. Amtran sold 45,000 shares of VIZIO stock. The stock was sold at an average price of $9.13, for a total transaction of $410,850.00.
• On Monday, June 6th, Technology Co. Ltd. Amtran sold 45,000 shares of VIZIO stock. The stock was sold at an average price of $9.51, for a total transaction of $427,950.00.

VIZIO Stock Down 0.4 %

VIZIO stock opened at $9.16 on Friday. VIZIO Holding Corp. has a 12-month low of $6.47 and a 12-month high of $22.87. The firm’s fifty day moving average is $8.36 and its 200 day moving average is $9.99. The company has a market capitalization of $1.76 billion, a PE ratio of -31.59, a PEG ratio of 10.75 and a beta of 1.04.

VIZIO (NYSE:VZIO – Get Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). VIZIO had a negative net margin of 2.55% and a negative return on equity of 16.87%. The company had revenue of $485.50 million for the quarter, compared to the consensus estimate of $453.29 million. During the same quarter in the previous year, the company earned $0.02 EPS. VIZIO’s quarterly revenue was down 4.0% compared to the same quarter last year. Sell-side analysts expect that VIZIO Holding Corp. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on VZIO. JPMorgan Chase & Co. cut their target price on shares of VIZIO from $20.00 to $14.00 and set a “maintains” rating on the stock in a research report on Friday, July 22nd. Piper Sandler dropped their price target on shares of VIZIO from $21.00 to $15.00 in a research report on Friday, May 13th. Guggenheim dropped their price target on shares of VIZIO from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, July 12th. Finally, Craig Hallum dropped their price target on shares of VIZIO from $20.00 to $13.00 in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.63.

Institutional Trading of VIZIO

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. bought a new stake in VIZIO during the 4th quarter valued at $49,000. Financial Management Professionals Inc. bought a new stake in VIZIO during the 2nd quarter valued at $32,000. National Bank of Canada FI bought a new stake in VIZIO during the 4th quarter valued at $113,000. Advisor Group Holdings Inc. increased its stake in VIZIO by 502.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 6,864 shares of the company’s stock valued at $133,000 after purchasing an additional 5,724 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in VIZIO during the 4th quarter valued at $197,000. Institutional investors own 23.19% of the company’s stock.

About VIZIO

(Get Rating)

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 home entertainment solution, and data intelligence and services products through Inscape.

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