Hsbc Holdings PLC Raises Stake in VIZIO Holding Corp. (NYSE:VZIO)

Hsbc Holdings PLC increased its stake in VIZIO Holding Corp. (NYSE:VZIO) by 26.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,162,523 shares of the company’s stock after purchasing an additional 457,893 shares during the quarter. Hsbc Holdings PLC owned 1.09% of VIZIO worth $23,290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VZIO. Vanguard Group Inc. lifted its position in shares of VIZIO by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock valued at $84,090,000 after acquiring an additional 918,300 shares during the period. Pentwater Capital Management LP raised its holdings in VIZIO by 1,294.9% during the second 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. Magnetar Financial LLC acquired a new position in VIZIO during the first quarter worth $43,318,000. Alpine Associates Management Inc. boosted its position in VIZIO by 9.7% during the second quarter. Alpine Associates Management Inc. now owns 3,080,298 shares of the company’s stock worth $33,267,000 after purchasing an additional 271,650 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in VIZIO by 8.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,488,732 shares of the company’s stock valued at $19,163,000 after purchasing an additional 188,430 shares during the last quarter. Institutional investors and hedge funds own 66.24% of the company’s stock.

VIZIO Stock Up 1.0 %

Shares of VIZIO stock opened at $11.25 on Friday. The firm has a market cap of $2.23 billion, a PE ratio of 125.00 and a beta of 2.04. VIZIO Holding Corp. has a fifty-two week low of $4.82 and a fifty-two week high of $11.30. The business’s fifty day moving average is $11.11 and its two-hundred day moving average is $10.89.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, insider Michael Joseph O’donnell sold 2,555 shares of the stock in a transaction dated Wednesday, August 21st. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 44.68% of the stock is owned by corporate insiders.

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.