Fmr LLC Purchases 2,739 Shares of VIZIO Holding Corp. (NYSE:VZIO)

Fmr LLC raised its stake in VIZIO Holding Corp. (NYSE:VZIO) by 77.9% during the third quarter, HoldingsChannel.com reports. The fund owned 6,256 shares of the company’s stock after acquiring an additional 2,739 shares during the quarter. Fmr LLC’s holdings in VIZIO were worth $70,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VZIO. Pentwater Capital Management LP boosted its stake in shares of VIZIO by 1,294.9% in the 2nd 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 during the last quarter. Hsbc Holdings PLC grew its stake in VIZIO by 26.9% in the second quarter. Hsbc Holdings PLC now owns 2,162,523 shares of the company’s stock valued at $23,290,000 after acquiring an additional 457,893 shares during the period. Alpine Associates Management Inc. increased its stake in VIZIO by 10.3% during the 3rd quarter. Alpine Associates Management Inc. now owns 3,398,063 shares of the company’s stock worth $37,956,000 after purchasing an additional 317,765 shares in the last quarter. Water Island Capital LLC raised its holdings in shares of 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 acquiring an additional 315,757 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of VIZIO by 32.7% in the second quarter. Gabelli Funds LLC now owns 1,186,716 shares of the company’s stock valued at $12,817,000 after purchasing an additional 292,416 shares in the last quarter. 66.24% of the stock is owned by institutional investors and hedge funds.

VIZIO Stock Performance

NYSE VZIO opened at $11.35 on Wednesday. VIZIO Holding Corp. has a 52-week low of $6.84 and a 52-week high of $11.40. The company has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $11.11. 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

A number of research analysts have weighed in on the company. Barrington Research downgraded VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Needham & Company LLC restated a “hold” rating on shares of VIZIO in a research report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.08.

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.