Los Angeles Capital Management LLC Increases Stake in Vimeo, Inc. (NASDAQ:VMEO)

Los Angeles Capital Management LLC grew its stake in Vimeo, Inc. (NASDAQ:VMEO) by 142.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 664,114 shares of the company’s stock after purchasing an additional 390,574 shares during the period. Los Angeles Capital Management LLC owned about 0.40% of Vimeo worth $2,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Vimeo by 3.3% during the third quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock valued at $54,018,000 after buying an additional 483,443 shares during the period. Acadian Asset Management LLC increased its stake in shares of Vimeo by 10.2% in the 3rd quarter. Acadian Asset Management LLC now owns 2,322,643 shares of the company’s stock valued at $8,218,000 after purchasing an additional 214,366 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Vimeo by 10.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,776,051 shares of the company’s stock worth $6,962,000 after purchasing an additional 174,892 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Vimeo by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,201,414 shares of the company’s stock worth $4,253,000 after purchasing an additional 31,773 shares in the last quarter. Finally, Boston Partners grew its holdings in Vimeo by 25.6% in the third quarter. Boston Partners now owns 1,185,683 shares of the company’s stock valued at $4,196,000 after purchasing an additional 242,025 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Price Performance

Vimeo stock opened at $3.80 on Tuesday. Vimeo, Inc. has a 12 month low of $3.02 and a 12 month high of $5.77. The stock has a market capitalization of $638.55 million, a PE ratio of 29.23 and a beta of 2.02. The business has a 50 day simple moving average of $4.28 and a 200-day simple moving average of $3.91.

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

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.