Teacher Retirement System of Texas Grows Position in Vimeo, Inc. (NASDAQ:VMEO)

Teacher Retirement System of Texas raised its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 60.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 476,905 shares of the company's stock after acquiring an additional 178,962 shares during the period. Teacher Retirement System of Texas owned approximately 0.29% of Vimeo worth $3,052,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Boston Partners increased its holdings in shares of Vimeo by 465.5% in the fourth quarter. Boston Partners now owns 1,194,421 shares of the company's stock valued at $7,643,000 after purchasing an additional 983,198 shares during the last quarter. FMR LLC increased its stake in shares of Vimeo by 65.1% in the 3rd quarter. FMR LLC now owns 1,392,457 shares of the company's stock worth $7,032,000 after acquiring an additional 548,812 shares during the last quarter. Harvey Partners LLC increased its stake in shares of Vimeo by 7.0% in the 3rd quarter. Harvey Partners LLC now owns 4,035,000 shares of the company's stock worth $20,377,000 after acquiring an additional 265,000 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Vimeo by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company's stock worth $19,046,000 after acquiring an additional 181,137 shares during the period. Finally, Barclays PLC boosted its position in shares of Vimeo by 203.9% during the 3rd quarter. Barclays PLC now owns 240,655 shares of the company's stock valued at $1,215,000 after acquiring an additional 161,469 shares during the last quarter. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Stock Down 2.9 %

NASDAQ:VMEO traded down $0.16 on Friday, reaching $5.32. The company's stock had a trading volume of 1,171,731 shares, compared to its average volume of 1,593,175. The firm has a market cap of $877.01 million, a price-to-earnings ratio of 33.25 and a beta of 2.22. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.90. The stock has a 50 day moving average price of $6.03 and a 200 day moving average price of $5.98.

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

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised shares of Vimeo from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th.

About Vimeo

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.