Russell Investments Group Ltd. reduced its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,673,847 shares of the company's stock after selling 1,280,388 shares during the quarter. Russell Investments Group Ltd. owned about 1.60% of Vimeo worth $10,481,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bailard Inc. purchased a new stake in Vimeo during the 4th quarter worth approximately $105,000. New York State Common Retirement Fund raised its holdings in Vimeo by 22.8% in the 4th quarter. New York State Common Retirement Fund now owns 67,085 shares of the company's stock worth $263,000 after purchasing an additional 12,443 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Vimeo by 30.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,439 shares of the company's stock valued at $147,000 after acquiring an additional 8,775 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in Vimeo during the fourth quarter worth $47,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Vimeo by 10.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,776,051 shares of the company's stock valued at $6,962,000 after purchasing an additional 174,892 shares during the period. 84.97% of the stock is currently owned by hedge funds and other institutional investors.
Vimeo Trading Up 3.5 %
VMEO traded up $0.13 on Monday, hitting $3.80. The company had a trading volume of 1,688,659 shares, compared to its average volume of 2,793,318. The company's fifty day moving average price is $4.28 and its 200 day moving average price is $3.91. Vimeo, Inc. has a 1 year low of $3.02 and a 1 year high of $5.77. The firm has a market cap of $638.57 million, a P/E ratio of 29.38 and a beta of 2.02.
Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The business had revenue of $105.54 million during the quarter, compared to analysts' expectations of $102.37 million. During the same period last year, the business earned ($0.03) earnings per share. The business's revenue for the quarter was up .0% on a year-over-year basis.
About Vimeo
(
Free Report)
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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