151,509 Shares in VIZIO Holding Corp. (NYSE:VZIO) Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ acquired a new position in VIZIO Holding Corp. (NYSE:VZIO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 151,509 shares of the company’s stock, valued at approximately $1,636,000. Skandinaviska Enskilda Banken AB publ owned 0.08% of VIZIO as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VZIO. XTX Topco Ltd acquired a new position in shares of VIZIO during the 2nd quarter worth about $228,000. Hsbc Holdings PLC grew its position in shares of VIZIO by 26.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company’s stock worth $23,290,000 after buying an additional 457,893 shares during the period. Renaissance Technologies LLC grew its position in shares of VIZIO by 12.0% during the 2nd quarter. Renaissance Technologies LLC now owns 393,400 shares of the company’s stock worth $4,249,000 after buying an additional 42,100 shares during the period. Alpine Associates Management Inc. grew its position in shares of VIZIO by 9.7% during the 2nd quarter. Alpine Associates Management Inc. now owns 3,080,298 shares of the company’s stock worth $33,267,000 after buying an additional 271,650 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of VIZIO during the 2nd quarter worth about $40,000. 66.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VIZIO

In other news, insider Michael Joseph O’donnell sold 2,555 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total transaction of $28,437.15. Following the sale, the insider now owns 602,364 shares in the company, valued at approximately $6,704,311.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 44.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on VZIO. Barrington Research upgraded VIZIO from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 29th. Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a report on Friday, June 21st. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, VIZIO currently has a consensus rating of “Hold” and a consensus target price of $10.72.

VIZIO Stock Performance

NYSE VZIO opened at $11.24 on Tuesday. VIZIO Holding Corp. has a 52 week low of $4.82 and a 52 week high of $11.30. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 124.44 and a beta of 2.04. The stock’s 50 day moving average price is $11.11 and its two-hundred day moving average price is $10.89.

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.