VIZIO (NYSE:VZIO) Hits New 1-Year High – What’s Next?

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

Analyst Ratings Changes

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

VIZIO Price Performance

The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 1,131.00 and a beta of 2.03. The stock has a 50-day moving average of $11.23 and a 200-day moving average of $11.02.

Institutional Investors Weigh In On VIZIO

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in VIZIO by 13.6% during the first 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. Pentwater Capital Management LP lifted its stake in shares of VIZIO by 1,294.9% in the 2nd quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock valued at $73,440,000 after acquiring an additional 6,312,500 shares during the last quarter. Alpine Associates Management Inc. lifted its stake in shares of VIZIO by 10.3% in the 3rd quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company’s stock valued at $37,956,000 after acquiring an additional 317,765 shares during the last quarter. Water Island Capital LLC lifted its stake in shares of VIZIO by 11.0% in the 2nd quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock valued at $34,474,000 after acquiring an additional 315,757 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake 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 acquiring an additional 457,893 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors.

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.