Russell Investments Group Ltd. raised its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO – Get Rating) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 307,806 shares of the company’s stock after buying an additional 22,255 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Vimeo worth $1,056,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of VMEO. Federated Hermes Inc. lifted its holdings in shares of Vimeo by 526,719.9% during the third quarter. Federated Hermes Inc. now owns 1,459,291 shares of the company’s stock worth $5,837,000 after buying an additional 1,459,014 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Vimeo by 50.8% in the third quarter. Renaissance Technologies LLC now owns 4,295,890 shares of the company’s stock valued at $17,184,000 after purchasing an additional 1,446,890 shares in the last quarter. BlackRock Inc. raised its stake in shares of Vimeo by 13.4% in the third quarter. BlackRock Inc. now owns 11,580,657 shares of the company’s stock valued at $46,321,000 after purchasing an additional 1,372,298 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Vimeo by 14.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 10,964,620 shares of the company’s stock valued at $66,007,000 after purchasing an additional 1,364,656 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Vimeo by 150.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,202,277 shares of the company’s stock valued at $8,809,000 after purchasing an additional 1,322,253 shares in the last quarter. 83.89% of the stock is currently owned by institutional investors and hedge funds.
Vimeo Price Performance
Shares of NASDAQ:VMEO opened at $3.76 on Friday. The business’s fifty day moving average price is $3.56 and its two-hundred day moving average price is $3.80. Vimeo, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $9.15. The stock has a market capitalization of $623.37 million, a price-to-earnings ratio of -11.75 and a beta of 1.86.
Wall Street Analyst Weigh In
Separately, Cowen cut their target price on Vimeo from $7.00 to $6.00 in a research note on Wednesday, March 1st.
Vimeo Company Profile
Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It 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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