Future Financial Wealth Managment LLC Acquires Shares of 4,009 VIZIO Holding Corp. (NYSE:VZIO)

Future Financial Wealth Managment LLC bought a new stake in VIZIO Holding Corp. (NYSE:VZIO) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,009 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors have also modified their holdings of VZIO. AXQ Capital LP acquired a new stake in VIZIO during the third quarter valued at approximately $63,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in VIZIO by 26.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock worth $109,000 after purchasing an additional 2,979 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in VIZIO by 45.2% in the fourth quarter. Financial Management Professionals Inc. now owns 18,315 shares of the company’s stock worth $141,000 after purchasing an additional 5,703 shares during the period. Arizona State Retirement System increased its stake in VIZIO by 8.4% during the fourth 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. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of VIZIO during the fourth quarter worth $167,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of VIZIO in a report on Friday, June 21st. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.77.

Insider Buying and Selling at VIZIO

In related news, COO Ben Bun Wong sold 59,449 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $10.53, for a total transaction of $625,997.97. Following the completion of the transaction, the chief operating officer now owns 3,261,702 shares of the company’s stock, valued at $34,345,722.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Ben Bun Wong sold 59,449 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $10.53, for a total transaction of $625,997.97. Following the completion of the sale, the chief operating officer now directly owns 3,261,702 shares of the company’s stock, valued at $34,345,722.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William Wei Wang sold 111,114 shares of VIZIO stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $10.63, for a total transaction of $1,181,141.82. Following the completion of the transaction, the chief executive officer now owns 2,281,144 shares in the company, valued at approximately $24,248,560.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 542,902 shares of company stock valued at $5,741,999. 44.68% of the stock is owned by corporate insiders.

VIZIO Stock Performance

Shares of VZIO opened at $10.70 on Friday. VIZIO Holding Corp. has a one year low of $4.82 and a one year high of $11.28. The stock’s fifty day moving average is $10.66 and its 200-day moving average is $9.67. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 118.90, a price-to-earnings-growth ratio of 4.36 and a beta of 2.05.

VIZIO (NYSE:VZIO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). VIZIO had a return on equity of 3.91% and a net margin of 1.00%. The company had revenue of $353.90 million during the quarter, compared to analyst estimates of $373.95 million. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts forecast 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.