Vimeo, Inc. (NASDAQ:VMEO) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 85.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 600,387 shares of the company's stock after buying an additional 275,967 shares during the quarter. JPMorgan Chase & Co. owned about 0.36% of Vimeo worth $3,842,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of VMEO. Vanguard Group Inc. increased its stake in shares of Vimeo by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,432,831 shares of the company's stock worth $111,570,000 after buying an additional 134,171 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Vimeo by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company's stock valued at $19,046,000 after acquiring an additional 181,137 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Vimeo by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,268,020 shares of the company's stock valued at $8,115,000 after acquiring an additional 9,135 shares in the last quarter. Boston Partners lifted its stake in Vimeo by 465.5% during the fourth quarter. Boston Partners now owns 1,194,421 shares of the company's stock worth $7,643,000 after purchasing an additional 983,198 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in Vimeo by 5.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 799,100 shares of the company's stock worth $5,114,000 after purchasing an additional 44,400 shares during the period. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Vimeo Stock Performance

Shares of VMEO traded up $0.12 during midday trading on Thursday, hitting $5.14. 534,734 shares of the stock traded hands, compared to its average volume of 1,535,180. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.90. The business's 50 day moving average price is $5.35 and its two-hundred day moving average price is $5.94. The firm has a market capitalization of $846.52 million, a PE ratio of 32.10 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $103.16 million during the quarter, compared to analysts' expectations of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. As a group, equities research analysts forecast that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reduced their price target on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research report on Monday, April 7th.

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.