Goldman Sachs Group Inc. Sells 32,270 Shares of BuzzFeed, Inc. $BZFD

Goldman Sachs Group Inc. lowered its stake in BuzzFeed, Inc. (NASDAQ:BZFD) by 22.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,653 shares of the company’s stock after selling 32,270 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.30% of BuzzFeed worth $244,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BZFD. Two Sigma Investments LP acquired a new position in BuzzFeed during the 4th quarter worth approximately $391,000. Millennium Management LLC acquired a new position in shares of BuzzFeed during the fourth quarter worth $289,000. Squarepoint Ops LLC bought a new position in shares of BuzzFeed in the 4th quarter valued at $198,000. Naviter Wealth LLC bought a new position in shares of BuzzFeed in the 1st quarter valued at $40,000. Finally, EWA LLC acquired a new stake in shares of BuzzFeed during the 1st quarter valued at $36,000. 37.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BZFD has been the subject of a number of recent research reports. Wall Street Zen raised BuzzFeed from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Craig Hallum upgraded BuzzFeed to a “strong-buy” rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, BuzzFeed presently has a consensus rating of “Strong Buy”.

BuzzFeed Stock Performance

Shares of BZFD stock opened at $1.72 on Monday. The stock has a market capitalization of $63.71 million, a PE ratio of 6.88 and a beta of 3.46. The business’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $2.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.23 and a quick ratio of 1.23. BuzzFeed, Inc. has a one year low of $1.61 and a one year high of $5.68.

BuzzFeed (NASDAQ:BZFD) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.05). BuzzFeed had a negative return on equity of 28.11% and a net margin of 4.75%.The firm had revenue of $46.39 million for the quarter, compared to the consensus estimate of $39.43 million. BuzzFeed has set its FY 2025 guidance at EPS.

Insider Activity

In other BuzzFeed news, Director Angela Acharia sold 67,985 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $1.88, for a total transaction of $127,811.80. Following the sale, the director owned 94,633 shares of the company’s stock, valued at approximately $177,910.04. This represents a 41.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Adam Rothstein sold 150,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $2.00, for a total value of $300,000.00. Following the sale, the director owned 723,045 shares of the company’s stock, valued at approximately $1,446,090. The trade was a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 374,655 shares of company stock worth $762,537 in the last three months. Corporate insiders own 20.31% 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.