Point72 Asia Singapore Pte. Ltd. Acquires Shares of 4,037 VIZIO Holding Corp. (NYSE:VZIO)

Point72 Asia Singapore Pte. Ltd. bought a new position in VIZIO Holding Corp. (NYSE:VZIO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,037 shares of the company’s stock, valued at approximately $45,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in VIZIO by 19.1% in the second 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 during the last quarter. Arizona State Retirement System raised its stake in shares of VIZIO by 11.0% during the 2nd quarter. Arizona State Retirement System now owns 22,157 shares of the company’s stock worth $239,000 after purchasing an additional 2,202 shares during the period. FMR LLC boosted its holdings in shares of VIZIO by 77.9% in the 3rd quarter. FMR LLC now owns 6,256 shares of the company’s stock worth $70,000 after buying an additional 2,739 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in VIZIO by 15.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,953 shares of the company’s stock valued at $241,000 after buying an additional 2,983 shares during the period. Finally, Quest Partners LLC purchased a new stake in VIZIO during the second quarter worth about $40,000. 66.24% of the stock is owned by institutional investors.

VIZIO Stock Performance

VZIO 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 company has a market cap of $2.30 billion, a PE ratio of 1,135.00 and a beta of 2.00. The company has a 50 day moving average of $11.25 and a 200 day moving average of $11.06.

Analyst Ratings Changes

A number of research analysts have weighed in on VZIO shares. Barrington Research cut shares of VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, According to MarketBeat.com, 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.