VIZIO (NYSE:VZIO) Hits New 52-Week High – Here’s Why

VIZIO Holding Corp. (NYSE:VZIO)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $11.40 and last traded at $11.39, with a volume of 3214046 shares. The stock had previously closed at $11.31.

Analyst Ratings Changes

A number of brokerages have commented on VZIO. Barrington Research downgraded shares of VIZIO from a “strong-buy” rating to a “hold” rating in a research 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.com, the company has a consensus rating of “Hold” and a consensus price target of $11.08.

VIZIO Trading Up 0.7 %

The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 1,139.00 and a beta of 2.03. The company’s 50 day moving average is $11.24 and its 200 day moving average is $11.03.

Institutional Trading of VIZIO

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in VIZIO by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock worth $84,090,000 after purchasing an additional 918,300 shares during the last quarter. Water Island Capital LLC grew its holdings in shares of VIZIO by 11.0% during the second quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock worth $34,474,000 after buying an additional 315,757 shares during the last quarter. Wolverine Asset Management LLC increased its position in VIZIO by 151.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 89,199 shares of the company’s stock valued at $996,000 after acquiring an additional 53,700 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in VIZIO during the 2nd quarter valued at approximately $1,636,000. Finally, Millennium Management LLC raised its stake in VIZIO by 10.6% during the 2nd quarter. Millennium Management LLC now owns 996,278 shares of the company’s stock valued at $10,760,000 after acquiring an additional 95,144 shares during the last quarter. 66.24% of the stock is owned by institutional investors and hedge funds.

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.