Two Sigma Investments LP purchased a new position in BuzzFeed, Inc. (NASDAQ:BZFD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 146,378 shares of the company's stock, valued at approximately $391,000. Two Sigma Investments LP owned 0.39% of BuzzFeed as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of BZFD. Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 619,892 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in BuzzFeed by 1,461.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 251,973 shares of the company's stock worth $673,000 after buying an additional 235,831 shares during the last quarter. Marshall Wace LLP purchased a new position in BuzzFeed in the fourth quarter worth about $597,000. Dimensional Fund Advisors LP lifted 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 buying an additional 191,841 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of BuzzFeed during the fourth quarter valued at approximately $289,000. 37.64% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Craig Hallum raised BuzzFeed to a "strong-buy" rating in a research report on Tuesday.
Get Our Latest Research Report on BZFD
BuzzFeed Stock Performance
Shares of NASDAQ:BZFD traded down $0.16 during midday trading on Friday, reaching $2.10. 356,902 shares of the company's stock traded hands, compared to its average volume of 615,956. BuzzFeed, Inc. has a one year low of $1.61 and a one year high of $5.68. The company has a market cap of $80.90 million, a price-to-earnings ratio of -1.45 and a beta of 3.54. The stock has a 50 day moving average of $1.95 and a 200 day moving average of $2.46.
BuzzFeed (NASDAQ:BZFD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.33) EPS for the quarter. BuzzFeed had a negative return on equity of 33.17% and a negative net margin of 22.51%.
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.
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