William Wei Wang Sells 111,114 Shares of VIZIO Holding Corp. (NYSE:VZIO) Stock

VIZIO Holding Corp. (NYSE:VZIO) CEO William Wei Wang sold 111,114 shares of the 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 sale, the chief executive officer now owns 2,281,144 shares in the company, valued at approximately $24,248,560.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

William Wei Wang also recently made the following trade(s):

• On Wednesday, May 22nd, William Wei Wang sold 135,046 shares of VIZIO stock. The stock was sold at an average price of $10.54, for a total transaction of $1,423,384.84.

VIZIO Price Performance

Shares of VIZIO stock traded down $0.05 on Tuesday, hitting $10.65. The company had a trading volume of 2,289,365 shares, compared to its average volume of 2,631,905. The company has a market cap of $2.11 billion, a PE ratio of 118.46, a PEG ratio of 4.32 and a beta of 2.06. VIZIO Holding Corp. has a 52 week low of $4.82 and a 52 week high of $11.28. The business has a 50-day simple moving average of $10.66 and a 200-day simple moving average of $9.63.

VIZIO (NYSE:VZIO) last issued its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The business had revenue of $353.90 million for the quarter, compared to the consensus estimate of $373.95 million. VIZIO had a return on equity of 3.91% and a net margin of 1.00%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts predict that VIZIO Holding Corp. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on VZIO. Piper Sandler restated a “neutral” rating and issued a $11.50 target price (down previously from $12.00) on shares of VIZIO in a research report on Wednesday, February 28th. Wells Fargo & Company restated an “equal weight” rating and issued a $11.50 target price (up previously from $10.00) on shares of VIZIO in a research report on Tuesday, February 27th. Barrington Research upgraded shares of VIZIO from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 29th. Finally, Needham & Company LLC restated a “hold” rating on shares of VIZIO in a research report on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.77.

Institutional Trading of VIZIO

A number of large investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC boosted its holdings in VIZIO by 8.5% during the first quarter. ProShare Advisors LLC now owns 13,801 shares of the company’s stock worth $151,000 after buying an additional 1,086 shares in the last quarter. Arizona State Retirement System lifted its position in shares of VIZIO by 8.4% in the 4th quarter. Arizona State Retirement System now owns 20,153 shares of the company’s stock valued at $155,000 after acquiring an additional 1,570 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of VIZIO by 0.3% in the 4th quarter. First Eagle Investment Management LLC now owns 595,373 shares of the company’s stock valued at $4,584,000 after acquiring an additional 2,062 shares in the last quarter. Raymond James & Associates lifted its position in shares of VIZIO by 5.5% in the 4th quarter. Raymond James & Associates now owns 49,317 shares of the company’s stock valued at $380,000 after acquiring an additional 2,577 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of VIZIO by 26.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,166 shares of the company’s stock valued at $109,000 after acquiring an additional 2,979 shares in the last quarter. 66.24% of the stock is currently owned by institutional investors.

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.