Insider Selling: BuzzFeed, Inc. (NASDAQ:BZFD) Major Shareholder Sells 95,235 Shares of Stock

BuzzFeed, Inc. (NASDAQ:BZFDGet Free Report) major shareholder John S. Johnson III sold 95,235 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $0.35, for a total value of $33,332.25. Following the completion of the sale, the insider now directly owns 4,988,815 shares in the company, valued at approximately $1,746,085.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

BuzzFeed Price Performance

Shares of BZFD traded up $0.01 during trading hours on Thursday, reaching $0.39. 57,004 shares of the company traded hands, compared to its average volume of 5,036,375. The stock has a fifty day simple moving average of $0.52 and a 200 day simple moving average of $0.71. BuzzFeed, Inc. has a fifty-two week low of $0.34 and a fifty-two week high of $4.25. The stock has a market capitalization of $55.55 million, a PE ratio of -0.27 and a beta of 3.13. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.17.

BuzzFeed (NASDAQ:BZFDGet Free Report) last announced its earnings results on Tuesday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). The firm had revenue of $77.90 million for the quarter. BuzzFeed had a negative return on equity of 42.82% and a negative net margin of 51.15%. As a group, research analysts predict that BuzzFeed, Inc. will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On BuzzFeed

Institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. purchased a new position in shares of BuzzFeed in the 1st quarter worth $31,000. BlackRock Inc. acquired a new position in shares of BuzzFeed in the 1st quarter valued at about $1,636,000. Vanguard Group Inc. lifted its stake in shares of BuzzFeed by 20.6% in the 1st quarter. Vanguard Group Inc. now owns 2,206,169 shares of the company’s stock valued at $11,604,000 after purchasing an additional 376,830 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of BuzzFeed during the 1st quarter worth about $79,000. Finally, Northern Trust Corp acquired a new stake in BuzzFeed during the 1st quarter worth approximately $225,000. 19.50% of the stock is currently owned by institutional investors and hedge funds.

About BuzzFeed

(Get Free Report)

BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. It offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a newsroom for young audience; Tasty, a platform for shareable food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content; and Complex Networks that offers culture content of music, food, style, entertainment, and sports.

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Insider Buying and Selling by Quarter for BuzzFeed (NASDAQ:BZFD)

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