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 transaction, the insider now owns 3,674,745 shares of the company's stock, valued at $7,386,237.45. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
BuzzFeed Stock Down 5.7 %
BZFD stock traded down $0.13 during mid-day trading on Tuesday, reaching $2.14. 342,863 shares of the company traded hands, compared to its average volume of 974,087. The stock has a market cap of $81.32 million, a price-to-earnings ratio of -1.48 and a beta of 3.73. BuzzFeed, Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $5.68. The firm's 50 day moving average price is $2.41 and its 200 day moving average price is $2.80.
BuzzFeed (NASDAQ:BZFD - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter. BuzzFeed had a negative return on equity of 33.17% and a negative net margin of 22.51%. The business had revenue of $56.20 million during the quarter.
Hedge Funds Weigh In On BuzzFeed
Hedge funds and other institutional investors have recently modified their holdings of the business. Focus Partners Wealth purchased a new position in shares of BuzzFeed in the 4th quarter worth approximately $37,000. Bank of America Corp DE raised its holdings 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 during the period. Oxford Asset Management LLP bought a new stake in shares of BuzzFeed in the 4th quarter worth approximately $55,000. Graham Capital Management L.P. bought a new stake in shares of BuzzFeed in the 4th quarter worth approximately $75,000. Finally, Virtu Financial LLC bought a new stake in shares of BuzzFeed in the 4th quarter worth approximately $83,000. Hedge funds and other 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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