CreativeOne Wealth LLC Sells 1,484 Shares of VIZIO Holding Corp. (NYSE:VZIO)

CreativeOne Wealth LLC decreased its holdings in shares of VIZIO Holding Corp. (NYSE:VZIO) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,000 shares of the company’s stock after selling 1,484 shares during the quarter. CreativeOne Wealth LLC’s holdings in VIZIO were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of VIZIO by 12.6% during the third quarter. Vanguard Group Inc. now owns 6,626,420 shares of the company’s stock worth $35,849,000 after purchasing an additional 740,941 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of VIZIO by 36.8% during the 4th quarter. SG Americas Securities LLC now owns 61,274 shares of the company’s stock worth $472,000 after acquiring an additional 16,499 shares during the last quarter. Raymond James & Associates grew its position in VIZIO by 5.5% in the fourth quarter. Raymond James & Associates now owns 49,317 shares of the company’s stock worth $380,000 after acquiring an additional 2,577 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of VIZIO by 65.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 310,019 shares of the company’s stock valued at $2,387,000 after buying an additional 122,613 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of VIZIO by 8.4% during the 4th quarter. Arizona State Retirement System now owns 20,153 shares of the company’s stock valued at $155,000 after purchasing an additional 1,570 shares during the last quarter. Hedge funds and other institutional investors own 66.24% of the company’s stock.

Insider Buying and Selling

In other news, CEO William Wei Wang sold 135,046 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.54, for a total value of $1,423,384.84. Following the sale, the chief executive officer now directly owns 1,529,972 shares of the company’s stock, valued at $16,125,904.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other VIZIO news, insider Michael Joseph O’donnell sold 13,772 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.54, for a total transaction of $145,156.88. Following the sale, the insider now directly owns 340,443 shares in the company, valued at approximately $3,588,269.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Wei Wang sold 135,046 shares of VIZIO stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $10.54, for a total value of $1,423,384.84. Following the completion of the sale, the chief executive officer now directly owns 1,529,972 shares of the company’s stock, valued at approximately $16,125,904.88. The disclosure for this sale can be found here. Insiders have sold 542,902 shares of company stock worth $5,741,999 in the last 90 days. Insiders own 44.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VZIO shares. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research note on Friday, June 21st. Barrington Research raised shares of VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, VIZIO has a consensus rating of “Hold” and an average target price of $10.77.

VIZIO Stock Performance

Shares of VZIO traded up $0.02 on Friday, reaching $11.02. The stock had a trading volume of 2,062,748 shares, compared to its average volume of 1,954,199. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 122.40, a price-to-earnings-growth ratio of 4.47 and a beta of 2.04. The company has a 50-day simple moving average of $10.78 and a 200-day simple moving average of $10.16. VIZIO Holding Corp. has a 12-month low of $4.82 and a 12-month high of $11.28.

VIZIO (NYSE:VZIO) last announced its earnings results on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). VIZIO had a net margin of 1.00% and a return on equity of 3.91%. The business had revenue of $353.90 million for the quarter, compared to the consensus estimate of $373.95 million. The business’s revenue was down .8% on a year-over-year basis. On average, analysts expect that VIZIO Holding Corp. will post 0.1 EPS for the current fiscal 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.