BuzzFeed, Inc. (NASDAQ:BZFD – Get Free Report) major shareholder Patrick J. Kerins sold 11,127 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $2.10, for a total value of $23,366.70. Following the completion of the sale, the insider now owns 3,811,942 shares in the company, valued at approximately $8,005,078.20. The trade was a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
BuzzFeed Trading Down 2.0 %
NASDAQ:BZFD opened at $2.01 on Friday. The company has a market cap of $76.38 million, a price-to-earnings ratio of -1.39 and a beta of 3.72. BuzzFeed, Inc. has a twelve month low of $1.26 and a twelve month high of $5.68. The stock has a fifty day simple moving average of $2.54 and a 200-day simple moving average of $2.84.
Institutional Investors Weigh In On BuzzFeed
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BZFD. Squarepoint Ops LLC bought a new position in BuzzFeed in the 4th quarter worth about $198,000. Two Sigma Investments LP bought a new position in BuzzFeed in the fourth quarter worth approximately $391,000. Shay Capital LLC grew its stake in BuzzFeed by 61.7% in the fourth quarter. Shay Capital LLC now owns 70,715 shares of the company’s stock worth $189,000 after purchasing an additional 26,981 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in BuzzFeed during the 4th quarter worth $211,000. Finally, Millennium Management LLC bought a new stake in BuzzFeed during the 4th quarter valued at $289,000. Institutional investors own 37.64% of the company’s stock.
About BuzzFeed
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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