VIZIO Holding Corp. (NYSE:VZIO) Shares Sold by State Street Corp

State Street Corp decreased its holdings in VIZIO Holding Corp. (NYSE:VZIO) by 6.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,821,176 shares of the company’s stock after selling 133,210 shares during the quarter. State Street Corp owned about 0.91% of VIZIO worth $20,343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VZIO. Bank of New York Mellon Corp boosted its holdings in VIZIO by 38.8% in the second quarter. Bank of New York Mellon Corp now owns 345,395 shares of the company’s stock worth $3,730,000 after acquiring an additional 96,526 shares in the last quarter. Principal Financial Group Inc. boosted its stake in VIZIO by 19.1% in the 2nd quarter. Principal Financial Group Inc. now owns 12,004 shares of the company’s stock worth $130,000 after purchasing an additional 1,926 shares in the last quarter. Pentwater Capital Management LP grew its position in VIZIO by 1,294.9% during the 2nd quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock worth $73,440,000 after purchasing an additional 6,312,500 shares during the last quarter. Versor Investments LP increased its stake in VIZIO by 77.8% during the 2nd quarter. Versor Investments LP now owns 75,050 shares of the company’s stock valued at $811,000 after purchasing an additional 32,851 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of VIZIO by 25.1% in the second quarter. Rhumbline Advisers now owns 129,487 shares of the company’s stock worth $1,398,000 after buying an additional 26,020 shares during the last quarter. 66.24% of the stock is currently owned by hedge funds and other institutional investors.

VIZIO Price Performance

Shares of VZIO stock opened at $11.35 on Tuesday. The stock has a market cap of $2.30 billion, a PE ratio of 1,135.00 and a beta of 2.00. VIZIO Holding Corp. has a 52-week low of $6.84 and a 52-week high of $11.40. The business has a 50-day simple moving average of $11.27 and a 200-day simple moving average of $11.11.

Analyst Ratings Changes

VZIO has been the topic of a number of research analyst reports. Barrington Research lowered shares of VIZIO from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.08.

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.