Geode Capital Management LLC Acquires 13,855 Shares of VIZIO Holding Corp. (NYSE:VZIO)

Geode Capital Management LLC boosted its stake in shares of VIZIO Holding Corp. (NYSE:VZIO) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,111,848 shares of the company’s stock after buying an additional 13,855 shares during the period. Geode Capital Management LLC owned 1.05% of VIZIO worth $23,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of VZIO. Pentwater Capital Management LP lifted its stake in shares of 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. Healthcare of Ontario Pension Plan Trust Fund bought a new position in VIZIO in the third quarter worth about $10,087,000. Cinctive Capital Management LP bought a new position in VIZIO in the third quarter worth about $8,936,000. Bardin Hill Management Partners LP purchased a new stake in shares of VIZIO during the third quarter valued at about $8,069,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of VIZIO by 26.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company’s stock valued at $23,290,000 after buying an additional 457,893 shares in the last quarter. Institutional investors own 66.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Barrington Research downgraded VIZIO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Nine analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.08.

VIZIO Stock Performance

Shares of VIZIO stock opened at $11.35 on Friday. VIZIO Holding Corp. has a 12-month low of $6.84 and a 12-month high of $11.40. The firm’s 50 day simple moving average is $11.28 and its two-hundred day simple moving average is $11.13. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 1,135.00 and a beta of 2.00.

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.