Norges Bank Invests $3.64 Million in Vimeo, Inc. (NASDAQ:VMEO)

Norges Bank bought a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 568,800 shares of the company’s stock, valued at approximately $3,640,000. Norges Bank owned approximately 0.34% of Vimeo as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Boston Partners raised its holdings in Vimeo by 465.5% in the 4th quarter. Boston Partners now owns 1,194,421 shares of the company’s stock worth $7,643,000 after purchasing an additional 983,198 shares in the last quarter. FMR LLC increased its position in shares of Vimeo by 65.1% during the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock valued at $7,032,000 after buying an additional 548,812 shares during the period. JPMorgan Chase & Co. raised its stake in Vimeo by 85.1% in the fourth quarter. JPMorgan Chase & Co. now owns 600,387 shares of the company’s stock worth $3,842,000 after buying an additional 275,967 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Vimeo by 5.0% in the third quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company’s stock worth $19,046,000 after buying an additional 181,137 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in Vimeo by 60.1% during the 4th quarter. Teacher Retirement System of Texas now owns 476,905 shares of the company’s stock valued at $3,052,000 after acquiring an additional 178,962 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Price Performance

Shares of NASDAQ VMEO opened at $4.88 on Friday. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90. The firm has a 50-day moving average of $5.68 and a 200 day moving average of $5.96. The stock has a market cap of $804.48 million, a P/E ratio of 30.50 and a beta of 2.17.

Vimeo (NASDAQ:VMEO) last released its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $103.16 million during the quarter, compared to analyst estimates of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. Research analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group decreased their target price on Vimeo from $7.00 to $5.40 and set a “hold” rating for the company in a research report on Monday.

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.