Susquehanna Portfolio Strategies LLC Sells 2,464 Shares of VIZIO Holding Corp. (NYSE:VZIO)

Susquehanna Portfolio Strategies LLC reduced its position in shares of VIZIO Holding Corp. (NYSE:VZIO) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 126,365 shares of the company’s stock after selling 2,464 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in VIZIO were worth $1,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of VIZIO by 18.3% during the second quarter. The Manufacturers Life Insurance Company now owns 34,993 shares of the company’s stock worth $378,000 after purchasing an additional 5,405 shares during the period. Millennium Management LLC raised its holdings in VIZIO by 10.6% during the second quarter. Millennium Management LLC now owns 996,278 shares of the company’s stock worth $10,760,000 after buying an additional 95,144 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of VIZIO by 32.7% during the second quarter. Gabelli Funds LLC now owns 1,186,716 shares of the company’s stock valued at $12,817,000 after buying an additional 292,416 shares during the last quarter. Sei Investments Co. bought a new stake in shares of VIZIO during the second quarter worth about $236,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of VIZIO in the 2nd quarter worth about $1,636,000. Institutional investors own 66.24% of the company’s stock.

VIZIO Stock Down 0.2 %

VIZIO stock opened at $11.21 on Friday. The stock has a market cap of $2.25 billion, a P/E ratio of 124.57 and a beta of 2.04. The company’s 50 day moving average price is $11.13 and its two-hundred day moving average price is $10.89. VIZIO Holding Corp. has a 52 week low of $4.82 and a 52 week high of $11.30.

Insider Buying and Selling

In other VIZIO news, insider Michael Joseph O’donnell sold 2,555 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $11.13, for a total value of $28,437.15. Following the completion of 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 can be accessed through the SEC website. 44.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “hold” rating on shares of VIZIO in a research note 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 company’s stock. Based on data from MarketBeat.com, VIZIO presently has a consensus rating of “Hold” and a consensus price target of $10.81.

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.