Dimensional Fund Advisors LP Acquires 191,841 Shares of BuzzFeed, Inc. (NASDAQ:BZFD)

Dimensional Fund Advisors LP grew its holdings in BuzzFeed, Inc. (NASDAQ:BZFD) by 1,006.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 210,909 shares of the company’s stock after purchasing an additional 191,841 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.56% of BuzzFeed worth $563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of BuzzFeed in the 4th quarter worth approximately $83,000. XTX Topco Ltd purchased a new position in shares of BuzzFeed in the 4th quarter worth approximately $114,000. Marshall Wace LLP purchased a new position in shares of BuzzFeed in the 4th quarter worth approximately $597,000. Finally, Renaissance Technologies LLC grew its position 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 buying an additional 619,892 shares during the last quarter. Hedge funds and other institutional investors own 37.64% of the company’s stock.

BuzzFeed Stock Up 5.3%

Shares of BuzzFeed stock opened at $1.98 on Friday. The firm’s 50 day moving average price is $1.94 and its 200-day moving average price is $2.59. BuzzFeed, Inc. has a 52-week low of $1.61 and a 52-week high of $5.68. The company has a market cap of $76.28 million, a P/E ratio of -1.37 and a beta of 3.59.

BuzzFeed (NASDAQ:BZFD) last released 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 Buying and Selling

In other news, major shareholder Patrick J. Kerins sold 61,448 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $2.01, for a total value of $123,510.48. Following the completion of the sale, the insider now directly owns 3,674,745 shares in the company, valued at $7,386,237.45. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $1.95, for a total transaction of $26,576.55. Following the completion of the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,642 shares of company stock valued at $176,430. Corporate insiders own 19.21% of the company’s stock.

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.