Smart Home

Vivint Smart Home, Inc. (NYSE:VVNT) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Posted by on Sep 25th, 2022

Vivint Smart Home logoMirae Asset Global Investments Co. Ltd. reduced its position in shares of Vivint Smart Home, Inc. (NYSE:VVNTGet Rating) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,766 shares of the company’s stock after selling 51,381 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.24% of Vivint Smart Home worth $3,460,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC lifted its position in shares of Vivint Smart Home by 8.5% during the first quarter. HighTower Advisors LLC now owns 31,933 shares of the company’s stock worth $215,000 after purchasing an additional 2,500 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of Vivint Smart Home by 23.8% in the first quarter. Engineers Gate Manager LP now owns 17,000 shares of the company’s stock worth $115,000 after buying an additional 3,263 shares during the last quarter. TownSquare Capital LLC increased its stake in shares of Vivint Smart Home by 3.6% in the first quarter. TownSquare Capital LLC now owns 207,495 shares of the company’s stock worth $1,403,000 after buying an additional 7,268 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Vivint Smart Home by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 404,200 shares of the company’s stock worth $2,733,000 after buying an additional 9,660 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Vivint Smart Home by 7.0% in the first quarter. Swiss National Bank now owns 148,100 shares of the company’s stock worth $1,001,000 after buying an additional 9,700 shares during the last quarter. 71.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VVNT shares. Morgan Stanley dropped their price target on shares of Vivint Smart Home from $8.00 to $7.50 and set an “equal weight” rating for the company in a research note on Tuesday, August 9th. Evercore ISI lowered their target price on shares of Vivint Smart Home from $8.00 to $6.00 and set an “in-line” rating for the company in a research note on Tuesday, June 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Vivint Smart Home from $11.00 to $10.00 in a research note on Monday, June 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Vivint Smart Home currently has an average rating of “Hold” and a consensus target price of $10.30.

Vivint Smart Home Stock Performance

Vivint Smart Home stock opened at $6.30 on Friday. The company has a 50-day simple moving average of $5.89 and a 200-day simple moving average of $5.61. The firm has a market capitalization of $1.34 billion, a P/E ratio of -6.77 and a beta of 1.13. Vivint Smart Home, Inc. has a one year low of $3.26 and a one year high of $13.29.

About Vivint Smart Home

(Get Rating)

Vivint Smart Home, Inc, together with its subsidiaries, engages in the sale, installation, servicing, and monitoring of smart home and security systems primarily in the United States and Canada. The company’s smart home platform includes cloud-enabled smart home operating systems; AI-driven smart home automation and assistance software; software-enabled smart home devices; and tech-enabled services to educate, manage, and support the smart home.

Further Reading

Want to see what other hedge funds are holding VVNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vivint Smart Home, Inc. (NYSE:VVNTGet Rating).

Institutional Ownership by Quarter for Vivint Smart Home (NYSE:VVNT)

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Source: https://www.etfdailynews.com/2022/09/25/vivint-smart-home-inc-nysevvnt-shares-sold-by-mirae-asset-global-investments-co-ltd/

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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