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Insider Selling: VIZIO Holding Corp. (NYSE:VZIO) Major Shareholder Sells 50,000 Shares of Stock

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VIZIO Holding Corp. (NYSE:VZIO – Get Rating) major shareholder Technology Co. Ltd. Amtran sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $10.62, for a total value of $531,000.00. Following the sale, the insider now owns 11,296,118 shares of the company's stock, valued at approximately $119,964,773.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Technology Co. Ltd. Amtran also recently made the following trade(s):

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  • On Wednesday, September 21st, Technology Co. Ltd. Amtran sold 50,000 shares of VIZIO stock. The stock was sold at an average price of $10.62, for a total value of $531,000.00.
  • On Monday, September 19th, Technology Co. Ltd. Amtran sold 70,000 shares of VIZIO stock. The stock was sold at an average price of $10.89, for a total value of $762,300.00.
  • On Wednesday, September 14th, Technology Co. Ltd. Amtran sold 60,000 shares of VIZIO stock. The stock was sold at an average price of $11.77, for a total value of $706,200.00.
  • On Monday, September 12th, Technology Co. Ltd. Amtran sold 100,000 shares of VIZIO stock. The stock was sold at an average price of $11.92, for a total value of $1,192,000.00.
  • On Thursday, September 8th, Technology Co. Ltd. Amtran sold 70,000 shares of VIZIO stock. The stock was sold at an average price of $10.88, for a total value of $761,600.00.
  • On Wednesday, August 24th, Technology Co. Ltd. Amtran sold 4,809 shares of VIZIO stock. The stock was sold at an average price of $11.31, for a total value of $54,389.79.
  • On Wednesday, August 17th, Technology Co. Ltd. Amtran sold 70,000 shares of VIZIO stock. The stock was sold at an average price of $12.37, for a total value of $865,900.00.
  • On Monday, August 15th, Technology Co. Ltd. Amtran sold 80,000 shares of VIZIO stock. The stock was sold at an average price of $12.80, for a total value of $1,024,000.00.
  • On Thursday, August 11th, Technology Co. Ltd. Amtran sold 70,000 shares of VIZIO stock. The stock was sold at an average price of $12.22, for a total value of $855,400.00.
  • On Tuesday, August 9th, Technology Co. Ltd. Amtran sold 50,000 shares of VIZIO stock. The stock was sold at an average price of $10.02, for a total value of $501,000.00.

VIZIO Stock Down 3.3 %

VZIO traded down $0.34 during trading on Thursday, reaching $10.12. 1,439 shares of the company were exchanged, compared to its average volume of 432,288. The company's 50-day moving average is $10.53 and its two-hundred day moving average is $9.11. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -52.30 and a beta of 1.41. VIZIO Holding Corp. has a 12-month low of $6.47 and a 12-month high of $22.17.

VIZIO (NYSE:VZIO – Get Rating) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.04. The business had revenue of $408.90 million for the quarter, compared to analysts' expectations of $407.17 million. VIZIO had a negative return on equity of 11.40% and a negative net margin of 1.77%. The firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) EPS.

Analyst Ratings Changes

A number of research analysts have recently commented on VZIO shares. Guggenheim upped their price target on VIZIO to $14.00 in a research report on Monday, August 15th. Craig Hallum upped their price target on VIZIO to $15.00 in a research report on Monday, August 15th. Finally, Wells Fargo & Company dropped their price target on VIZIO from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, August 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $15.50.

Institutional Trading of VIZIO

A number of institutional investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. bought a new position in VIZIO in the 2nd quarter worth about $32,000. Advisor Group Holdings Inc. increased its stake in VIZIO by 502.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 6,864 shares of the company's stock worth $133,000 after acquiring an additional 5,724 shares during the last quarter. Legal & General Group Plc bought a new position in VIZIO in the 2nd quarter worth about $66,000. Raymond James & Associates bought a new position in VIZIO in the 4th quarter worth about $197,000. Finally, 1620 Investment Advisors Inc. bought a new position in VIZIO in the 2nd quarter worth about $70,000. Hedge funds and other institutional investors own 15.20% of the company's stock.

VIZIO Company Profile

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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 home entertainment solution, and data intelligence and services products through Inscape.

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