VIZIO Holding Corp. (NYSE:VZIO) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in VIZIO Holding Corp. (NYSE:VZIO) by 18.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,993 shares of the company’s stock after buying an additional 5,405 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in VIZIO were worth $378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of VIZIO during the 2nd quarter valued at $27,000. Quest Partners LLC acquired a new stake in VIZIO during the second quarter worth about $40,000. Future Financial Wealth Managment LLC acquired a new stake in VIZIO during the first quarter worth about $44,000. Meeder Asset Management Inc. acquired a new stake in VIZIO during the first quarter worth about $101,000. Finally, Principal Financial Group Inc. bought a new position in VIZIO during the first quarter worth about $110,000. 66.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.50.

Insider Transactions at VIZIO

In other VIZIO news, insider Michael Joseph O’donnell sold 2,555 shares of VIZIO stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total transaction of $28,437.15. Following the transaction, the insider now directly owns 602,364 shares in the company, valued at approximately $6,704,311.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 44.68% of the stock is owned by corporate insiders.

VIZIO Stock Up 0.4 %

NYSE:VZIO opened at $11.30 on Thursday. VIZIO Holding Corp. has a 12-month low of $4.82 and a 12-month high of $11.37. The firm has a market capitalization of $2.27 billion, a P/E ratio of 141.27 and a beta of 2.04. The stock’s fifty day simple moving average is $11.19 and its 200-day simple moving average is $10.91.

About VIZIO

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.