BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) major shareholder Patrick J. Kerins sold 61,448 shares of BuzzFeed stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $2.01, for a total value of $123,510.48. Following the completion of the transaction, the insider now owns 3,674,745 shares of the company's stock, valued at $7,386,237.45. The trade was a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
BuzzFeed Price Performance
BuzzFeed stock opened at $2.20 on Friday. BuzzFeed, Inc. has a 12 month low of $1.26 and a 12 month high of $5.68. The business has a 50 day simple moving average of $2.42 and a 200-day simple moving average of $2.80. The stock has a market capitalization of $83.60 million, a PE ratio of -1.52 and a beta of 3.73.
BuzzFeed (NASDAQ:BZFD - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) EPS for the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in BZFD. Squarepoint Ops LLC bought a new stake in BuzzFeed during the 4th quarter valued at $198,000. Two Sigma Investments LP acquired a new stake in shares of BuzzFeed in the fourth quarter worth about $391,000. Shay Capital LLC lifted its position in shares of BuzzFeed by 61.7% during the 4th quarter. Shay Capital LLC now owns 70,715 shares of the company's stock worth $189,000 after purchasing an additional 26,981 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in BuzzFeed in the 4th quarter valued at approximately $211,000. Finally, Millennium Management LLC bought a new stake in shares of BuzzFeed in the 4th quarter valued at approximately $289,000. Institutional investors and hedge funds own 37.64% of the company's stock.
About BuzzFeed
(
Get Free Report)
BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.
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