Brokerages Set VIZIO Holding Corp. (NYSE:VZIO) Target Price at $11.08

Shares of VIZIO Holding Corp. (NYSE:VZIO) have been given an average rating of “Hold” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $11.08.

A number of equities analysts have issued reports 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 reiterated a “hold” rating on shares of VIZIO in a research report on Wednesday, October 9th.

VIZIO Stock Up 0.7 %

VZIO stock opened at $11.39 on Thursday. VIZIO has a 52-week low of $6.63 and a 52-week high of $11.40. The firm has a market cap of $2.31 billion, a P/E ratio of 1,139.00 and a beta of 2.03. The company’s 50-day simple moving average is $11.24 and its 200-day simple moving average is $11.03.

Institutional Trading of VIZIO

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in VIZIO by 13.6% during the 1st quarter. Vanguard Group Inc. now owns 7,686,512 shares of the company’s stock valued at $84,090,000 after acquiring an additional 918,300 shares in the last quarter. Pentwater Capital Management LP grew its position in shares of VIZIO by 1,294.9% in the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock valued at $73,440,000 after purchasing an additional 6,312,500 shares in the last quarter. Alpine Associates Management Inc. increased its holdings in shares of VIZIO by 10.3% in the third quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company’s stock valued at $37,956,000 after purchasing an additional 317,765 shares during the last quarter. Water Island Capital LLC lifted its position in VIZIO by 11.0% during the second quarter. Water Island Capital LLC now owns 3,192,078 shares of the company’s stock worth $34,474,000 after buying an additional 315,757 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in VIZIO by 26.9% during the second 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 last quarter. 66.24% of the stock is owned by institutional investors and hedge funds.

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.