Two Sigma Investments LP Takes Position in BuzzFeed, Inc. (NASDAQ:BZFD)

Two Sigma Investments LP acquired a new position in shares of BuzzFeed, Inc. (NASDAQ:BZFD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 146,378 shares of the company’s stock, valued at approximately $391,000. Two Sigma Investments LP owned approximately 0.39% of BuzzFeed at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in BuzzFeed during the 4th quarter worth about $37,000. Bank of America Corp DE increased its position in BuzzFeed by 1,615.5% during the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock worth $38,000 after purchasing an additional 13,312 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in BuzzFeed during the 4th quarter worth about $55,000. Graham Capital Management L.P. purchased a new stake in BuzzFeed during the 4th quarter worth about $75,000. Finally, Virtu Financial LLC purchased a new stake in BuzzFeed during the 4th quarter worth about $83,000. Hedge funds and other institutional investors own 37.64% of the company’s stock.

Insider Buying and Selling at BuzzFeed

In other BuzzFeed news, major shareholder Patrick J. Kerins sold 61,448 shares of BuzzFeed 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 completion of the sale, the insider now owns 3,674,745 shares in the company, valued at $7,386,237.45. The trade was a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 19.21% of the stock is owned by company insiders.

BuzzFeed Trading Up 3.2%

BuzzFeed stock opened at $2.26 on Wednesday. The stock has a market cap of $87.07 million, a PE ratio of -1.56 and a beta of 3.54. The stock has a 50-day moving average price of $1.93 and a 200 day moving average price of $2.49. BuzzFeed, Inc. has a 52 week low of $1.61 and a 52 week high of $5.68.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings results 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%.

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.