Marshall Wace LLP Acquires Shares of 223,578 BuzzFeed, Inc. (NASDAQ:BZFD)

Marshall Wace LLP acquired a new position in BuzzFeed, Inc. (NASDAQ:BZFD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 223,578 shares of the company's stock, valued at approximately $597,000. Marshall Wace LLP owned approximately 0.59% of BuzzFeed at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in BuzzFeed by 359.5% in the fourth 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 in the last quarter. Geode Capital Management LLC increased its holdings in BuzzFeed by 18.7% in the third quarter. Geode Capital Management LLC now owns 187,598 shares of the company's stock worth $500,000 after buying an additional 29,543 shares during the last quarter. Virtu Financial LLC acquired a new stake in BuzzFeed in the fourth quarter valued at approximately $83,000. Finally, XTX Topco Ltd acquired a new position in shares of BuzzFeed during the 4th quarter worth $114,000. 37.64% of the stock is currently owned by institutional investors and hedge funds.

BuzzFeed Price Performance

NASDAQ:BZFD traded down $0.10 during trading hours on Tuesday, reaching $1.97. The company's stock had a trading volume of 444,199 shares, compared to its average volume of 966,902. The company has a market cap of $75.89 million, a price-to-earnings ratio of -1.36 and a beta of 3.59. BuzzFeed, Inc. has a one year low of $1.50 and a one year high of $5.68. The business's 50-day moving average is $1.97 and its 200-day moving average is $2.63.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.10) 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%. The company had revenue of $56.20 million for the quarter.

Insider Activity

In other news, major shareholder Patrick J. Kerins sold 61,448 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $2.01, for a total value of $123,510.48. Following the sale, the insider now directly owns 3,674,745 shares of the company's stock, valued at approximately $7,386,237.45. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 87,642 shares of company stock valued at $176,430 over the last 90 days. 20.31% of the stock is currently owned by company insiders.

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.