Cubist Systematic Strategies LLC Purchases 235,831 Shares of BuzzFeed, Inc. (NASDAQ:BZFD)

Cubist Systematic Strategies LLC raised its holdings in shares of BuzzFeed, Inc. (NASDAQ:BZFD - Free Report) by 1,461.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 251,973 shares of the company's stock after purchasing an additional 235,831 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.66% of BuzzFeed worth $673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Renaissance Technologies LLC increased its holdings in BuzzFeed by 359.5% in the 4th quarter. Renaissance Technologies LLC now owns 792,318 shares of the company's stock worth $2,115,000 after buying an additional 619,892 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of BuzzFeed during the 4th quarter valued at about $597,000. Dimensional Fund Advisors LP grew its stake in shares of BuzzFeed by 1,006.1% in the fourth 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 during the period. XTX Topco Ltd purchased a new position in shares of BuzzFeed during the fourth quarter valued at approximately $114,000. Finally, Virtu Financial LLC purchased a new stake in BuzzFeed in the fourth quarter worth approximately $83,000. Institutional investors own 37.64% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Patrick J. Kerins sold 61,448 shares of BuzzFeed stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $2.01, for a total transaction of $123,510.48. Following the transaction, the insider now owns 3,674,745 shares in the company, valued at $7,386,237.45. This trade represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $26,576.55. Following the completion of the sale, the insider now owns 3,764,465 shares of the company's stock, valued at $7,340,706.75. This trade represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,642 shares of company stock valued at $176,430. 20.31% of the stock is owned by insiders.

BuzzFeed Trading Down 4.7%

NASDAQ:BZFD traded down $0.10 during trading hours on Wednesday, reaching $2.01. The company had a trading volume of 26,102 shares, compared to its average volume of 949,975. The firm has a market cap of $77.44 million, a price-to-earnings ratio of -1.39 and a beta of 3.59. The firm's 50 day moving average price is $1.95 and its 200-day moving average price is $2.58. BuzzFeed, Inc. has a 52 week low of $1.61 and a 52 week high of $5.68.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.33) EPS for the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%.

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.