As of its most recent filing with the Securities and Exchange Commission, M&G Investment Management Ltd. has increased its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 89.2% during the first quarter of this year. The firm now owns 1,469,140 shares of Vimeo’s stock, having purchased an additional 692,593 shares during the said period. This represents a significant increase and equates to M&G Investment Management Ltd. owning approximately 0.88% of Vimeo’s total worth which amounts to $5,877,000.
Vimeo (NASDAQ:VMEO) recently released their quarterly earnings data on August 1st. The company reported earnings per share (EPS) of $0.03 for the quarter, exceeding analysts’ consensus estimates by $0.14 as they had predicted a higher EPS at ($0.11). During the same quarter, Vimeo generated revenue totaling $101.84 million, slightly surpassing analysts’ expectations of $100.59…
