Cubist Systematic Strategies LLC lifted its holdings in BuzzFeed, Inc. (NASDAQ:BZFD - Free Report) by 1,461.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 251,973 shares of the company's stock after purchasing an additional 235,831 shares during the quarter. Cubist Systematic Strategies LLC owned 0.66% of BuzzFeed worth $673,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of BuzzFeed in the fourth quarter worth $597,000. Renaissance Technologies LLC grew its stake in shares of BuzzFeed by 359.5% in the fourth quarter. Renaissance Technologies LLC now owns 792,318 shares of the company's stock worth $2,115,000 after purchasing an additional 619,892 shares in the last quarter. XTX Topco Ltd bought a new position in shares of BuzzFeed in the fourth quarter worth $114,000. Virtu Financial LLC bought a new position in BuzzFeed during the fourth quarter valued at about $83,000. Finally, Oxford Asset Management LLP bought a new position in BuzzFeed during the fourth quarter valued at about $55,000. Institutional investors own 37.64% of the company's stock.
Insider Activity at BuzzFeed
In other news, major shareholder Patrick J. Kerins sold 61,448 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $2.01, for a total transaction of $123,510.48. Following the completion of the sale, the insider now directly owns 3,674,745 shares of the company's stock, valued at $7,386,237.45. This represents a 1.64% 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. 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 shares were sold at an average price of $1.95, for a total value of $26,576.55. Following the sale, the insider now directly owns 3,764,465 shares of the company's stock, valued at approximately $7,340,706.75. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,642 shares of company stock valued at $176,430 over the last 90 days. 19.21% of the stock is currently owned by corporate insiders.
BuzzFeed Stock Down 3.6%
Shares of BZFD stock opened at $1.88 on Friday. The stock has a 50-day simple moving average of $1.94 and a 200 day simple moving average of $2.59. BuzzFeed, Inc. has a fifty-two week low of $1.61 and a fifty-two week high of $5.68. The stock has a market capitalization of $72.43 million, a P/E ratio of -1.30 and a beta of 3.59.
BuzzFeed (NASDAQ:BZFD - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.33) earnings per share for the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%.
About BuzzFeed
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding BZFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BuzzFeed, Inc. (NASDAQ:BZFD - Free Report).
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