Enterprise Associates 13 L. New Sells 13,629 Shares of BuzzFeed, Inc. (NASDAQ:BZFD) Stock

BuzzFeed, Inc. (NASDAQ:BZFD) major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 in the company, valued at $7,340,706.75. The trade was a 0.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

BuzzFeed Stock Up 1.5 %

Shares of NASDAQ BZFD opened at $1.97 on Thursday. BuzzFeed, Inc. has a twelve month low of $1.26 and a twelve month high of $5.68. The stock’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.81. The company has a market capitalization of $74.86 million, a PE ratio of -1.36 and a beta of 3.73.

Hedge Funds Weigh In On BuzzFeed

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of BuzzFeed by 18.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,598 shares of the company’s stock worth $500,000 after purchasing an additional 29,543 shares during the period. Virtu Financial LLC bought a new stake in shares of BuzzFeed in the 4th quarter worth approximately $83,000. Renaissance Technologies LLC raised 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 purchasing an additional 619,892 shares during the period. XTX Topco Ltd bought a new stake in shares of BuzzFeed in the 4th quarter worth approximately $114,000. Finally, Marshall Wace LLP bought a new stake in shares of BuzzFeed in the 4th quarter worth approximately $597,000. Hedge funds and other institutional investors own 37.64% of the company’s stock.

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.