VIZIO Holding Corp. (NYSE:VZIO) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System boosted its holdings in VIZIO Holding Corp. (NYSE:VZIO) by 11.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,157 shares of the company’s stock after acquiring an additional 2,202 shares during the period. Arizona State Retirement System’s holdings in VIZIO were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in VZIO. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of VIZIO in the second quarter valued at approximately $27,000. Future Financial Wealth Managment LLC acquired a new stake in VIZIO during the 1st quarter valued at $44,000. Meeder Asset Management Inc. acquired a new stake in VIZIO during the 1st quarter valued at $101,000. Principal Financial Group Inc. purchased a new position in VIZIO during the first quarter worth $110,000. Finally, ProShare Advisors LLC raised its holdings in shares of VIZIO by 8.5% in the first quarter. ProShare Advisors LLC now owns 13,801 shares of the company’s stock worth $151,000 after acquiring an additional 1,086 shares during the last quarter. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

VIZIO Stock Performance

VIZIO stock opened at $11.28 on Wednesday. VIZIO Holding Corp. has a 1 year low of $4.82 and a 1 year high of $11.30. The firm has a 50 day moving average price of $11.09 and a 200 day moving average price of $10.88. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 125.33 and a beta of 2.04.

Insider Buying and Selling at VIZIO

In related news, CEO William Wei Wang sold 111,114 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $10.63, for a total value of $1,181,141.82. Following the transaction, the chief executive officer now directly owns 2,281,144 shares of the company’s stock, valued at approximately $24,248,560.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO William Wei Wang sold 111,114 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 2,281,144 shares in the company, valued at approximately $24,248,560.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Ben Bun Wong sold 50,181 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $10.63, for a total transaction of $533,424.03. Following the completion of the transaction, the chief operating officer now owns 3,600,942 shares in the company, valued at approximately $38,278,013.46. The disclosure for this sale can be found here. Insiders have sold a total of 240,080 shares of company stock worth $2,553,328 in the last quarter. 44.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on VZIO. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 29th. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a report on Friday, June 21st. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, VIZIO has a consensus rating of “Hold” and an average price target of $10.72.

VIZIO Company 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.