Geode Capital Management LLC Sells 73,646 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Geode Capital Management LLC decreased its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,697,159 shares of the company's stock after selling 73,646 shares during the quarter. Geode Capital Management LLC owned 2.23% of Vimeo worth $23,668,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC boosted its stake in shares of Vimeo by 66.0% in the 3rd quarter. HighTower Advisors LLC now owns 79,952 shares of the company's stock valued at $403,000 after purchasing an additional 31,800 shares in the last quarter. Barclays PLC lifted its stake in shares of Vimeo by 203.9% in the third quarter. Barclays PLC now owns 240,655 shares of the company's stock worth $1,215,000 after acquiring an additional 161,469 shares during the period. Franklin Resources Inc. lifted its position in shares of Vimeo by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 145,603 shares of the company's stock worth $702,000 after purchasing an additional 4,134 shares during the period. JPMorgan Chase & Co. lifted its holdings in Vimeo by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company's stock valued at $1,638,000 after buying an additional 49,699 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Vimeo by 96.0% during the 4th quarter. SG Americas Securities LLC now owns 91,190 shares of the company's stock valued at $584,000 after purchasing an additional 44,657 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

Vimeo Stock Up 2.9 %

NASDAQ:VMEO traded up $0.15 during mid-day trading on Wednesday, hitting $5.09. 744,816 shares of the stock traded hands, compared to its average volume of 1,539,693. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.90. The company has a market cap of $838.27 million, a PE ratio of 31.72 and a beta of 2.17. The business's 50-day moving average price is $5.38 and its 200 day moving average price is $5.95.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. Analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reduced their price objective on Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research note on Monday, April 7th.

Vimeo 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.