Vimeo, Inc. (NASDAQ:VMEO) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 47.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,495 shares of the company’s stock after selling 18,533 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Vimeo were worth $136,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. EP Wealth Advisors LLC acquired a new stake in shares of Vimeo in the third quarter valued at about $51,000. Quintet Private Bank Europe S.A. increased its holdings in Vimeo by 18.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock valued at $101,000 after buying an additional 3,063 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of Vimeo during the 4th quarter valued at approximately $128,000. Point72 DIFC Ltd purchased a new stake in shares of Vimeo during the 3rd quarter worth approximately $141,000. Finally, Covestor Ltd grew its holdings in shares of Vimeo by 115.3% in the 3rd quarter. Covestor Ltd now owns 28,298 shares of the company’s stock worth $143,000 after acquiring an additional 15,157 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Stock Up 2.6 %

VMEO opened at $6.63 on Friday. Vimeo, Inc. has a 52-week low of $3.43 and a 52-week high of $7.90. The company has a 50 day moving average of $6.63 and a two-hundred day moving average of $5.78. The company has a market cap of $1.10 billion, a P/E ratio of 33.15 and a beta of 2.21.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VMEO shares. Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $7.00 to $10.00 in a research note on Tuesday, December 10th. Truist Financial upped their target price on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen lifted their price target on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, November 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.