Virtu Financial LLC Buys Shares of 31,266 BuzzFeed, Inc. (NASDAQ:BZFD)

Virtu Financial LLC purchased a new position in BuzzFeed, Inc. (NASDAQ:BZFD) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 31,266 shares of the company’s stock, valued at approximately $83,000.

Separately, Geode Capital Management LLC raised its stake in BuzzFeed by 18.7% in the third quarter. Geode Capital Management LLC now owns 187,598 shares of the company’s stock worth $500,000 after buying an additional 29,543 shares in the last quarter. 37.64% of the stock is currently owned by institutional investors.

Insider Transactions at BuzzFeed

In other news, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the firm’s stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Patrick J. Kerins sold 61,448 shares of the company’s 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 87,642 shares of company stock valued at $176,430 in the last 90 days. Insiders own 20.31% of the company’s stock.

BuzzFeed Trading Down 4.7 %

Shares of NASDAQ BZFD opened at $2.25 on Monday. BuzzFeed, Inc. has a 12-month low of $1.26 and a 12-month high of $5.68. The stock’s fifty day simple moving average is $2.30 and its two-hundred day simple moving average is $2.79. The stock has a market capitalization of $86.68 million, a PE ratio of -1.55 and a beta of 3.73.

BuzzFeed (NASDAQ:BZFD) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $56.20 million for the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%.

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.