VIZIO Holding Corp. (NYSE:VZIO) CEO William Wei Wang Sells 135,046 Shares

VIZIO Holding Corp. (NYSE:VZIOGet Free Report) CEO William Wei Wang sold 135,046 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.54, for a total transaction 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 approximately $16,125,904.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

VIZIO Trading Up 0.4 %

NYSE:VZIO traded up $0.04 on Friday, reaching $10.62. 856,460 shares of the stock traded hands, compared to its average volume of 2,628,747. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 117.62, a price-to-earnings-growth ratio of 3.02 and a beta of 2.08. The company’s 50 day moving average is $10.75 and its 200-day moving average is $8.97. VIZIO Holding Corp. has a 1-year low of $4.82 and a 1-year high of $11.28.

VIZIO (NYSE:VZIOGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $353.90 million for the quarter, compared to analyst estimates of $373.95 million. VIZIO had a return on equity of 3.91% and a net margin of 1.00%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts forecast that VIZIO Holding Corp. will post 0.14 EPS for the current fiscal year.

Institutional Trading of VIZIO

Several large investors have recently modified their holdings of the stock. Byrne Asset Management LLC bought a new position in shares of VIZIO in the 1st quarter worth $37,000. Future Financial Wealth Managment LLC bought a new position in VIZIO during the 1st quarter valued at $44,000. AXQ Capital LP bought a new position in VIZIO during the 3rd quarter valued at $63,000. Fox Run Management L.L.C. bought a new position in VIZIO during the 3rd quarter valued at $95,000. Finally, Meeder Asset Management Inc. bought a new position in VIZIO during the 1st quarter valued at $101,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

Wall Street Analysts Forecast Growth

VZIO has been the subject of a number of research reports. TheStreet raised shares of VIZIO from a “d+” rating to a “c-” rating in a report on Tuesday, February 20th. Barrington Research cut shares of VIZIO from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 20th. Roth Capital cut shares of VIZIO from a “buy” rating to a “neutral” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.50 price objective (up previously from $10.00) on shares of VIZIO in a research note on Wednesday, February 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.77.

Read Our Latest Report on VIZIO

VIZIO Company Profile

(Get Free Report)

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.

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