Axa S.A. Cuts Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Axa S.A. reduced its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 96.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,040 shares of the company’s stock after selling 303,501 shares during the quarter. Axa S.A.’s holdings in Vimeo were worth $77,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Boston Partners boosted its position in Vimeo by 465.5% during the 4th quarter. Boston Partners now owns 1,194,421 shares of the company’s stock valued at $7,643,000 after buying an additional 983,198 shares during the period. Norges Bank bought a new stake in shares of Vimeo in the fourth quarter worth about $3,640,000. Arrowstreet Capital Limited Partnership increased its holdings in Vimeo by 24.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company’s stock valued at $16,982,000 after purchasing an additional 513,178 shares during the period. Renaissance Technologies LLC raised its position in Vimeo by 6.8% during the 4th quarter. Renaissance Technologies LLC now owns 6,590,500 shares of the company’s stock valued at $42,179,000 after purchasing an additional 419,700 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Vimeo in the 4th quarter worth approximately $2,368,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Wall Street Analyst Weigh In

VMEO has been the subject of a number of recent analyst reports. 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 report on Monday, April 7th. Piper Sandler set a $8.00 target price on shares of Vimeo and gave the stock an “overweight” rating in a research report on Tuesday.

Vimeo Stock Down 2.1 %

VMEO opened at $4.66 on Friday. Vimeo, Inc. has a 52 week low of $3.45 and a 52 week high of $7.90. The stock has a market cap of $768.21 million, a PE ratio of 29.13 and a beta of 2.17. The business has a 50 day moving average of $5.13 and a 200-day moving average of $5.96.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $103.03 million during the quarter, compared to analyst estimates of $101.57 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share. Equities analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.

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.