223,578 Shares in BuzzFeed, Inc. (NASDAQ:BZFD) Purchased by Marshall Wace LLP

Marshall Wace LLP acquired a new position in BuzzFeed, Inc. (NASDAQ:BZFD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 223,578 shares of the company's stock, valued at approximately $597,000. Marshall Wace LLP owned about 0.59% of BuzzFeed at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in BuzzFeed by 18.7% during the 3rd quarter. Geode Capital Management LLC now owns 187,598 shares of the company's stock valued at $500,000 after buying an additional 29,543 shares during the period. Virtu Financial LLC purchased a new stake in shares of BuzzFeed in the fourth quarter valued at $83,000. Renaissance Technologies LLC lifted its holdings in shares of 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 acquiring an additional 619,892 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of BuzzFeed during the 4th quarter worth about $114,000. 37.64% of the stock is owned by hedge funds and other institutional investors.

BuzzFeed Stock Down 6.4 %

BuzzFeed stock traded down $0.12 during midday trading on Thursday, reaching $1.76. The stock had a trading volume of 144,557 shares, compared to its average volume of 964,255. The firm has a market cap of $67.80 million, a price-to-earnings ratio of -1.21 and a beta of 3.59. The company has a fifty day moving average of $1.96 and a 200 day moving average of $2.62. BuzzFeed, Inc. has a 52-week low of $1.61 and a 52-week high of $5.68.

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

Insider Transactions at BuzzFeed

In related news, 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 completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Patrick J. Kerins sold 61,448 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $2.01, for a total transaction of $123,510.48. Following the sale, the insider now directly owns 3,674,745 shares in the company, valued at $7,386,237.45. This trade represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,642 shares of company stock valued at $176,430. 20.31% of the stock is currently owned by corporate insiders.

BuzzFeed Company 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.