Axa S.A. Sells 303,501 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Axa S.A. trimmed its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 96.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,040 shares of the company's stock after selling 303,501 shares during the period. Axa S.A.'s holdings in Vimeo were worth $77,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Vimeo by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 62,105 shares of the company's stock worth $397,000 after acquiring an additional 3,793 shares during the period. Sterling Capital Management LLC boosted its position in Vimeo by 780.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock worth $29,000 after purchasing an additional 4,058 shares during the period. Franklin Resources Inc. increased its stake in shares of Vimeo by 2.9% in the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company's stock worth $702,000 after purchasing an additional 4,134 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Vimeo in the fourth quarter valued at approximately $30,000. Finally, Allworth Financial LP boosted its holdings in Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after buying an additional 4,870 shares during the period. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Price Performance

NASDAQ VMEO opened at $4.66 on Friday. The company's 50 day simple moving average is $5.13 and its two-hundred day simple moving average is $5.96. Vimeo, Inc. has a 1 year low of $3.45 and a 1 year high of $7.90. The stock has a market capitalization of $768.21 million, a PE ratio of 29.13 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $103.03 million during the quarter, compared to analyst estimates of $101.57 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. On average, research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Jefferies Financial Group dropped their target price on Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research report on Monday, April 7th. Piper Sandler set a $8.00 price objective on Vimeo and gave the stock an "overweight" rating in a report on Tuesday.

Vimeo Company Profile

Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.

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