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

BuzzFeed, Inc. (NASDAQ:BZFD) major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $1.95, for a total transaction of $26,576.55. Following the sale, the insider now owns 3,764,465 shares in the company, valued at $7,340,706.75. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

BuzzFeed Price Performance

BZFD stock remained flat at $1.94 during mid-day trading on Tuesday. The company’s stock had a trading volume of 193,375 shares, compared to its average volume of 969,040. The stock has a market cap of $73.72 million, a PE ratio of -1.34 and a beta of 3.73. The business’s fifty day moving average price is $2.48 and its two-hundred day moving average price is $2.82. BuzzFeed, Inc. has a 12 month low of $1.26 and a 12 month high of $5.68.

Hedge Funds Weigh In On BuzzFeed

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new position in BuzzFeed in the 4th quarter valued at $198,000. Two Sigma Investments LP bought a new stake in shares of BuzzFeed in the 4th quarter valued at about $391,000. Shay Capital LLC grew its holdings in shares of BuzzFeed by 61.7% in the 4th quarter. Shay Capital LLC now owns 70,715 shares of the company’s stock valued at $189,000 after buying an additional 26,981 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in BuzzFeed during the 4th quarter worth approximately $211,000. Finally, Millennium Management LLC acquired a new stake in shares of BuzzFeed in the 4th quarter valued at about $289,000. 37.64% of the stock is owned by institutional investors.

About BuzzFeed

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.