BuzzFeed, Inc. (NASDAQ:BZFD) Major Shareholder Enterprise Associates 13 L. New Sells 13,629 Shares

BuzzFeed, Inc. (NASDAQ:BZFD) major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $1.95, for a total transaction of $26,576.55. Following the sale, the insider now directly owns 3,764,465 shares in the company, valued at $7,340,706.75. The trade was a 0.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

BuzzFeed Price Performance

Shares of BZFD stock opened at $1.97 on Thursday. The company’s fifty day simple moving average is $2.46 and its two-hundred day simple moving average is $2.81. BuzzFeed, Inc. has a 1 year low of $1.26 and a 1 year high of $5.68. The stock has a market capitalization of $74.86 million, a price-to-earnings ratio of -1.36 and a beta of 3.73.

Institutional Investors Weigh In On BuzzFeed

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in BuzzFeed by 359.5% during the 4th quarter. Renaissance Technologies LLC now owns 792,318 shares of the company’s stock valued at $2,115,000 after acquiring an additional 619,892 shares during the period. Cubist Systematic Strategies LLC raised its holdings in BuzzFeed by 1,461.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 251,973 shares of the company’s stock valued at $673,000 after acquiring an additional 235,831 shares during the period. Marshall Wace LLP bought a new stake in BuzzFeed during the 4th quarter valued at $597,000. Dimensional Fund Advisors LP raised its holdings in BuzzFeed by 1,006.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 210,909 shares of the company’s stock valued at $563,000 after acquiring an additional 191,841 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of BuzzFeed by 18.7% in the third quarter. Geode Capital Management LLC now owns 187,598 shares of the company’s stock worth $500,000 after purchasing an additional 29,543 shares during the period. Institutional investors own 37.64% of the company’s stock.

BuzzFeed Company Profile

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.