Renaissance Technologies LLC Grows Holdings in BuzzFeed, Inc. (NASDAQ:BZFD)

Renaissance Technologies LLC increased its position in shares of BuzzFeed, Inc. (NASDAQ:BZFD - Free Report) by 359.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 792,318 shares of the company's stock after purchasing an additional 619,892 shares during the quarter. Renaissance Technologies LLC owned 2.09% of BuzzFeed worth $2,115,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC raised its stake in shares of BuzzFeed by 18.7% during the 3rd quarter. Geode Capital Management LLC now owns 187,598 shares of the company's stock valued at $500,000 after buying an additional 29,543 shares during the last quarter. 37.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BuzzFeed news, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $1.95, for a total transaction of $26,576.55. Following 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the insider now directly owns 3,674,745 shares of the company's stock, valued at approximately $7,386,237.45. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,642 shares of company stock valued at $176,430 over the last ninety days. Company insiders own 20.31% of the company's stock.

BuzzFeed Price Performance

BZFD stock traded down $0.02 during midday trading on Monday, hitting $1.87. 113,397 shares of the stock traded hands, compared to its average volume of 969,363. The stock's fifty day simple moving average is $1.99 and its 200-day simple moving average is $2.64. The firm has a market cap of $72.04 million, a P/E ratio of -1.29 and a beta of 3.58. BuzzFeed, Inc. has a 1-year low of $1.26 and a 1-year high of $5.68.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($0.10) EPS for the quarter. BuzzFeed had a negative return on equity of 33.17% and a negative net margin of 22.51%. The company had revenue of $56.20 million for the quarter.

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.