JPMorgan Chase & Co. Has $3.84 Million Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

JPMorgan Chase & Co. lifted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 85.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 600,387 shares of the company’s stock after buying an additional 275,967 shares during the period. JPMorgan Chase & Co. owned about 0.36% of Vimeo worth $3,842,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in shares of Vimeo in the fourth quarter worth about $30,000. Allworth Financial LP increased its position in Vimeo by 5,662.8% during the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after purchasing an additional 4,870 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Vimeo in the 4th quarter valued at approximately $36,000. Xponance Inc. acquired a new stake in Vimeo in the fourth quarter valued at approximately $67,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Vimeo during the fourth quarter worth $72,000. 84.97% of the stock is currently owned by institutional investors.

Vimeo Stock Performance

Shares of NASDAQ VMEO opened at $4.77 on Monday. The stock has a market cap of $786.34 million, a P/E ratio of 29.81 and a beta of 2.17. The firm has a 50 day moving average price of $5.45 and a two-hundred day moving average price of $5.96. Vimeo, Inc. has a 52-week low of $3.43 and a 52-week high of $7.90.

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

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their price objective on Vimeo from $7.00 to $5.40 and set a “hold” rating on the stock in a research report on Monday, April 7th.

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.