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

Posted by MarketBeat News on Aug 4th, 2022

VIZIO logo VIZIO Holding Corp. (NYSE:VZIO – Get Rating) major shareholder Technology Co. Ltd. Amtran sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $9.19, for a total value of $459,500.00. Following the transaction, the insider now directly owns 12,725,877 shares in the company, valued at approximately $116,950,809.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% 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 Friday, July 29th, Technology Co. Ltd. Amtran sold 50,000 shares of VIZIO stock. The stock was sold at an average price of $8.68, for a total value of $434,000.00.
On Wednesday, July 27th, Technology Co. Ltd. Amtran sold 100,000 shares of VIZIO stock. The stock was sold at an average price of $9.17, for a total value of $917,000.00.
On Monday, July 25th, Technology Co. Ltd. Amtran sold 40,000 shares of VIZIO stock. The stock was sold at an average price of $8.85, for a total value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $240,900.00.

VIZIO Trading Up 5.5 %

VZIO stock opened at $10.27 on Thursday. The firm has a 50 day moving average of $8.46 and a 200-day moving average of $9.81. VIZIO Holding Corp. has a 12-month low of $6.47 and a 12-month high of $22.87. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -35.41, a PEG ratio of 11.23 and a beta of 1.70.

VIZIO (NYSE:VZIO – Get Rating) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $453.29 million. During the same period last year, the firm earned $0.02 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts forecast that VIZIO Holding Corp. will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VIZIO

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new position in shares of VIZIO during the 4th quarter worth approximately $818,000. Victory Capital Management Inc. raised its position in shares of VIZIO by 131.3% during the 4th quarter. Victory Capital Management Inc. now owns 70,600 shares of the company’s stock worth $1,372,000 after purchasing an additional 40,075 shares during the last quarter. PEAK6 Investments LLC raised its position in shares of VIZIO by 16.7% during the 4th quarter. PEAK6 Investments LLC now owns 87,733 shares of the company’s stock worth $1,705,000 after purchasing an additional 12,545 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of VIZIO during the 4th quarter worth approximately $113,000. Finally, Northern Trust Corp raised its position in shares of VIZIO by 5.9% during the 4th quarter. Northern Trust Corp now owns 404,876 shares of the company’s stock worth $7,867,000 after purchasing an additional 22,383 shares during the last quarter. 23.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VZIO has been the topic of a number of research reports. Piper Sandler lowered their price target on VIZIO from $21.00 to $15.00 in a report on Friday, May 13th. Craig Hallum lowered their price objective on VIZIO from $20.00 to $13.00 in a report on Wednesday, April 20th. JPMorgan Chase & Co. lowered their price objective on VIZIO from $20.00 to $14.00 and set a “maintains” rating on the stock in a report on Friday, July 22nd. Finally, Guggenheim lowered their price objective on VIZIO from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, July 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, VIZIO presently has an average rating of “Moderate Buy” and an average price target of $17.63.

VIZIO Company Profile

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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.