Dimensional Fund Advisors LP Has $563,000 Holdings in BuzzFeed, Inc. (NASDAQ:BZFD)

Dimensional Fund Advisors LP increased its position in shares of BuzzFeed, Inc. (NASDAQ:BZFD - Free Report) by 1,006.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,909 shares of the company's stock after acquiring 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 quarter.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in BuzzFeed during the fourth quarter worth about $83,000. XTX Topco Ltd acquired a new position in BuzzFeed during the fourth quarter worth about $114,000. Marshall Wace LLP acquired a new position in BuzzFeed during the fourth quarter worth about $597,000. Finally, Renaissance Technologies LLC boosted its position in shares of BuzzFeed by 359.5% in the 4th quarter. Renaissance Technologies LLC now owns 792,318 shares of the company's stock valued at $2,115,000 after purchasing an additional 619,892 shares during the period. 37.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BuzzFeed

In related news, major shareholder Patrick J. Kerins sold 61,448 shares of the stock in a transaction on Thursday, March 13th. The stock was 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 87,642 shares of company stock worth $176,430 in the last quarter. 20.31% of the stock is owned by company insiders.

BuzzFeed Stock Performance

Shares of NASDAQ:BZFD traded up $0.06 during midday trading on Thursday, reaching $2.05. The company had a trading volume of 173,381 shares, compared to its average volume of 675,031. BuzzFeed, Inc. has a 1-year low of $1.61 and a 1-year high of $5.68. The firm has a market cap of $78.98 million, a price-to-earnings ratio of -1.41 and a beta of 3.59. The company has a fifty day simple moving average of $1.94 and a two-hundred day simple moving average of $2.57.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last released its quarterly 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%.

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.