VIZIO Holding Corp. (NYSE:VZIO) Major Shareholder Technology Co. Ltd. Amtran Sells 50,000 Shares

VIZIO Holding Corp. (NYSE:VZIOGet Rating) major shareholder Technology Co. Ltd. Amtran sold 50,000 shares of VIZIO stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $8.68, for a total transaction of $434,000.00. Following the completion of the sale, the insider now owns 12,775,877 shares of the company’s stock, valued at $110,894,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, July 27th, Technology Co. Ltd. Amtran sold 100,000 shares of VIZIO stock. The shares were sold at an average price of $9.17, for a total transaction of $917,000.00.
  • 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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.

VIZIO Price Performance

Shares of VIZIO stock opened at $9.36 on Tuesday. The firm has a market capitalization of $1.80 billion, a PE ratio of -32.27, a price-to-earnings-growth ratio of 10.47 and a beta of 1.70. The company’s fifty day moving average price is $8.38 and its two-hundred day moving average price is $9.81. VIZIO Holding Corp. has a 52-week low of $6.47 and a 52-week high of $22.87.

VIZIO (NYSE:VZIOGet Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $485.50 million for the quarter, compared to analyst estimates of $453.29 million. VIZIO had a negative net margin of 2.55% and a negative return on equity of 16.87%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. Analysts predict that VIZIO Holding Corp. will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VIZIO

Institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of VIZIO in the 4th quarter valued at $49,000. Financial Management Professionals Inc. acquired a new stake in shares of VIZIO in the 2nd quarter valued at $32,000. National Bank of Canada FI acquired a new stake in shares of VIZIO in the 4th quarter valued at $113,000. Advisor Group Holdings Inc. boosted its stake in shares of VIZIO by 502.1% in 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 acquired a new stake in shares of VIZIO in the 4th quarter valued at $197,000. Institutional investors and hedge funds own 23.19% of the company’s stock.

Analyst Ratings Changes

VZIO has been the topic of a number of research reports. Guggenheim dropped their target price 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. Craig Hallum dropped their target price on shares of VIZIO from $20.00 to $13.00 in a research report on Wednesday, April 20th. JPMorgan Chase & Co. dropped 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. Finally, Piper Sandler dropped their target price on shares of VIZIO from $21.00 to $15.00 in a research report on Friday, May 13th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.63.

VIZIO Company Profile

(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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