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

BuzzFeed, Inc. (NASDAQ:BZFD) major shareholder Enterprise Associates 13 L. New sold 13,629 shares of BuzzFeed stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1.95, for a total value of $26,576.55. Following the completion of the transaction, the insider now directly owns 3,764,465 shares in the company, valued at $7,340,706.75. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

BuzzFeed Price Performance

NASDAQ BZFD opened at $1.96 on Friday. The firm has a market capitalization of $74.48 million, a P/E ratio of -1.35 and a beta of 3.73. BuzzFeed, Inc. has a 1-year low of $1.26 and a 1-year high of $5.68. The business’s 50-day simple moving average is $2.46 and its 200-day simple moving average is $2.81.

BuzzFeed (NASDAQ:BZFD) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%.

Hedge Funds Weigh In On BuzzFeed

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of BuzzFeed by 359.5% in the 4th quarter. Renaissance Technologies LLC now owns 792,318 shares of the company’s stock valued at $2,115,000 after purchasing an additional 619,892 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in BuzzFeed by 1,461.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 251,973 shares of the company’s stock worth $673,000 after acquiring an additional 235,831 shares in the last quarter. Marshall Wace LLP acquired a new position in BuzzFeed during the 4th quarter worth approximately $597,000. Dimensional Fund Advisors LP lifted its position in BuzzFeed by 1,006.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 210,909 shares of the company’s stock worth $563,000 after acquiring an additional 191,841 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in BuzzFeed by 18.7% during the 3rd quarter. Geode Capital Management LLC now owns 187,598 shares of the company’s stock worth $500,000 after acquiring an additional 29,543 shares in the last quarter. 37.64% of the stock is owned by institutional investors and hedge funds.

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.