State Street Corp Decreases Stake in VIZIO Holding Corp. (NYSE:VZIO)

State Street Corp lessened its holdings in shares of VIZIO Holding Corp. (NYSE:VZIO) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,821,176 shares of the company’s stock after selling 133,210 shares during the quarter. State Street Corp’s holdings in VIZIO were worth $20,343,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VZIO. Pentwater Capital Management LP lifted its position in VIZIO by 1,294.9% during the second quarter. Pentwater Capital Management LP now owns 6,800,000 shares of the company’s stock worth $73,440,000 after buying an additional 6,312,500 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of VIZIO during the 3rd quarter worth $10,087,000. Cinctive Capital Management LP acquired a new position in shares of VIZIO during the 3rd quarter valued at about $8,936,000. Bardin Hill Management Partners LP purchased a new stake in shares of VIZIO in the third quarter valued at about $8,069,000. Finally, Hsbc Holdings PLC increased its position 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 purchasing an additional 457,893 shares during the last quarter. Hedge funds and other institutional investors own 66.24% of the company’s stock.

VIZIO Stock Performance

VIZIO stock opened at $11.35 on Tuesday. The firm has a 50 day moving average price of $11.27 and a 200 day moving average price of $11.11. VIZIO Holding Corp. has a fifty-two week low of $6.84 and a fifty-two week high of $11.40. The company has a market capitalization of $2.30 billion, a PE ratio of 1,135.00 and a beta of 2.00.

Analysts Set New Price Targets

Several research firms have recently weighed in on VZIO. Barrington Research cut shares of VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.08.

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.