Bank of New York Mellon Corp Increases Stock Position in VIZIO Holding Corp. (NYSE:VZIO)

Bank of New York Mellon Corp lifted its holdings in VIZIO Holding Corp. (NYSE:VZIO) by 38.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,395 shares of the company’s stock after buying an additional 96,526 shares during the quarter. Bank of New York Mellon Corp’s holdings in VIZIO were worth $3,730,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VZIO. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of VIZIO during the second quarter valued at approximately $27,000. Future Financial Wealth Managment LLC bought a new stake in VIZIO in the first quarter worth $44,000. Meeder Asset Management Inc. purchased a new stake in shares of VIZIO in the first quarter worth $101,000. Principal Financial Group Inc. bought a new position in shares of VIZIO during the first quarter valued at $110,000. Finally, ProShare Advisors LLC raised its position in shares of VIZIO by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 13,801 shares of the company’s stock worth $151,000 after purchasing an additional 1,086 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VZIO shares. Barrington Research upgraded shares of VIZIO from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 29th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research report on Friday, June 21st. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, VIZIO currently has a consensus rating of “Hold” and an average price target of $10.72.

VIZIO Stock Performance

Shares of VZIO stock opened at $11.12 on Friday. VIZIO Holding Corp. has a 12-month low of $4.82 and a 12-month high of $11.30. The stock has a market capitalization of $2.23 billion, a P/E ratio of 123.57 and a beta of 2.04. The firm’s 50 day moving average is $11.07 and its 200 day moving average is $10.88.

Insider Activity

In other VIZIO news, insider Michael Joseph O’donnell sold 2,555 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total transaction of $28,437.15. Following the completion of the sale, the insider now directly owns 602,364 shares in the company, valued at approximately $6,704,311.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Michael Joseph O’donnell sold 2,555 shares of VIZIO stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $11.13, for a total transaction of $28,437.15. Following the transaction, the insider now owns 602,364 shares in the company, valued at approximately $6,704,311.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adam R. Townsend sold 32,833 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $10.63, for a total value of $349,014.79. Following the completion of the sale, the chief financial officer now owns 704,903 shares of the company’s stock, valued at $7,493,118.89. The disclosure for this sale can be found here. Insiders have sold 240,080 shares of company stock valued at $2,553,328 in the last ninety days. 44.68% of the stock is currently owned by company insiders.

VIZIO 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.