BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) major shareholder Patrick J. Kerins sold 11,127 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 3,811,942 shares of the company's stock, valued at approximately $8,005,078.20. This trade represents a 0.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
BuzzFeed Stock Performance
Shares of BZFD stock traded down $0.10 during trading hours on Monday, reaching $1.94. The company had a trading volume of 413,200 shares, compared to its average volume of 972,143. The business has a fifty day moving average price of $2.48 and a 200-day moving average price of $2.82. BuzzFeed, Inc. has a one year low of $1.26 and a one year high of $5.68. The firm has a market cap of $73.72 million, a PE ratio of -1.34 and a beta of 3.73.
Institutional Investors Weigh In On BuzzFeed
A number of large investors have recently added to or reduced their stakes in BZFD. Focus Partners Wealth bought a new stake in BuzzFeed during the fourth quarter valued at approximately $37,000. Bank of America Corp DE increased its stake in shares of BuzzFeed by 1,615.5% in the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company's stock worth $38,000 after purchasing an additional 13,312 shares in the last quarter. Oxford Asset Management LLP purchased a new position in BuzzFeed during the fourth quarter valued at $55,000. Graham Capital Management L.P. purchased a new position in BuzzFeed during the fourth quarter valued at $75,000. Finally, Virtu Financial LLC bought a new stake in BuzzFeed during the fourth quarter valued at about $83,000. Institutional investors own 37.64% of the company's stock.
About BuzzFeed
(
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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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