Dimensional Fund Advisors LP Boosts Stock Position in BuzzFeed, Inc. (NASDAQ:BZFD)

Dimensional Fund Advisors LP boosted its holdings in BuzzFeed, Inc. (NASDAQ:BZFD - Free Report) by 1,006.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,909 shares of the company's stock after purchasing an additional 191,841 shares during the period. Dimensional Fund Advisors LP owned approximately 0.56% of BuzzFeed worth $563,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BZFD. Virtu Financial LLC purchased a new position in shares of BuzzFeed in the fourth quarter worth about $83,000. Renaissance Technologies LLC increased its stake 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 purchasing an additional 619,892 shares during the period. XTX Topco Ltd bought a new stake in BuzzFeed in the fourth quarter valued at approximately $114,000. Finally, Marshall Wace LLP purchased a new stake in shares of BuzzFeed during the fourth quarter valued at approximately $597,000. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

BuzzFeed Stock Up 9.9%

Shares of BuzzFeed stock traded up $0.19 on Tuesday, hitting $2.11. The stock had a trading volume of 530,164 shares, compared to its average volume of 951,739. The stock's 50-day simple moving average is $1.94 and its two-hundred day simple moving average is $2.58. BuzzFeed, Inc. has a one year low of $1.61 and a one year high of $5.68. The stock has a market cap of $81.29 million, a price-to-earnings ratio of -1.46 and a beta of 3.59.

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

Insider Buying and Selling at BuzzFeed

In related news, major shareholder Patrick J. Kerins sold 61,448 shares of the business's stock in a transaction dated 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. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1.95, for a total transaction of $26,576.55. Following the completion of the transaction, the insider now directly owns 3,764,465 shares of the company's stock, valued at approximately $7,340,706.75. The trade was 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 in the last 90 days. Insiders own 19.21% of the company's stock.

BuzzFeed 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.