Asset Management One Co. Ltd. Makes New Investment in Vimeo, Inc. (NASDAQ:VMEO)

Asset Management One Co. Ltd. purchased a new position in Vimeo, Inc. (NASDAQ:VMEO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 76,803 shares of the company’s stock, valued at approximately $306,000.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in Vimeo by 28.9% in the fourth quarter. SG Americas Securities LLC now owns 78,783 shares of the company’s stock worth $309,000 after purchasing an additional 17,657 shares during the last quarter. Vanguard Group Inc. lifted its stake in Vimeo by 3.3% in the third quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock worth $54,018,000 after purchasing an additional 483,443 shares during the last quarter. Graham Capital Management L.P. bought a new stake in Vimeo in the third quarter worth $82,000. GSA Capital Partners LLP bought a new stake in Vimeo in the third quarter worth $1,657,000. Finally, Sei Investments Co. raised its stake in shares of Vimeo by 106.7% during the third quarter. Sei Investments Co. now owns 422,764 shares of the company’s stock valued at $1,497,000 after acquiring an additional 218,239 shares during the last quarter. 84.97% of the stock is owned by institutional investors.

Vimeo Trading Down 2.4 %

Shares of NASDAQ:VMEO opened at $3.61 on Friday. The company has a market cap of $606.64 million, a price-to-earnings ratio of 27.77 and a beta of 2.04. The company has a 50-day moving average price of $4.38 and a 200-day moving average price of $3.89. Vimeo, Inc. has a 12 month low of $3.02 and a 12 month high of $5.77.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The firm had revenue of $105.54 million during the quarter, compared to the consensus estimate of $102.37 million. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) earnings per share.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a $4.00 price objective (down from $7.00) on shares of Vimeo in a research note on Friday, January 5th.

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.