Patrick J. Kerins Sells 11,127 Shares of BuzzFeed, Inc. (NASDAQ:BZFD) Stock

BuzzFeed, Inc. (NASDAQ:BZFD) major shareholder Patrick J. Kerins sold 11,127 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $2.10, for a total transaction of $23,366.70. Following the transaction, the insider now directly owns 3,811,942 shares in the company, valued at approximately $8,005,078.20. The trade was a 0.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

BuzzFeed Trading Up 1.5 %

BuzzFeed stock opened at $2.04 on Friday. BuzzFeed, Inc. has a 52 week low of $1.26 and a 52 week high of $5.68. The company’s 50-day moving average price is $2.52 and its two-hundred day moving average price is $2.83. The stock has a market cap of $77.52 million, a price-to-earnings ratio of -1.41 and a beta of 3.73.

Hedge Funds Weigh In On BuzzFeed

Large investors have recently made changes to their positions in the business. Focus Partners Wealth bought a new position in shares of BuzzFeed during the 4th quarter valued at about $37,000. Bank of America Corp DE boosted its position in shares of BuzzFeed by 1,615.5% during the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock valued at $38,000 after purchasing an additional 13,312 shares in the last quarter. Oxford Asset Management LLP bought a new position in shares of BuzzFeed during the 4th quarter valued at about $55,000. Graham Capital Management L.P. bought a new position in shares of BuzzFeed during the 4th quarter valued at about $75,000. Finally, Virtu Financial LLC bought a new position in shares of BuzzFeed during the 4th quarter valued at about $83,000. Institutional investors own 37.64% of the company’s stock.

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.