XTX Topco Ltd Purchases New Holdings in BuzzFeed, Inc. (NASDAQ:BZFD)

XTX Topco Ltd purchased a new stake in shares of BuzzFeed, Inc. (NASDAQ:BZFD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,516 shares of the company’s stock, valued at approximately $114,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of BuzzFeed by 18.7% during the third quarter. Geode Capital Management LLC now owns 187,598 shares of the company’s stock valued at $500,000 after acquiring an additional 29,543 shares during the last quarter. Virtu Financial LLC purchased a new stake in BuzzFeed in the fourth quarter worth $83,000. Finally, Renaissance Technologies LLC increased its position in BuzzFeed by 359.5% in the fourth quarter. Renaissance Technologies LLC now owns 792,318 shares of the company’s stock worth $2,115,000 after buying an additional 619,892 shares during the last quarter. 37.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Patrick J. Kerins sold 61,448 shares of BuzzFeed stock in a transaction on 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 transaction, the insider now directly owns 3,674,745 shares in the company, valued at approximately $7,386,237.45. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of BuzzFeed stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $1.95, for a total value of $26,576.55. Following the completion of the transaction, the insider now owns 3,764,465 shares of the company’s stock, valued at approximately $7,340,706.75. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,642 shares of company stock worth $176,430. 20.31% of the stock is owned by corporate insiders.

BuzzFeed Price Performance

NASDAQ:BZFD opened at $1.89 on Wednesday. The business has a fifty day simple moving average of $1.98 and a two-hundred day simple moving average of $2.64. BuzzFeed, Inc. has a 1 year low of $1.26 and a 1 year high of $5.68. The company has a market capitalization of $72.81 million, a P/E ratio of -1.30 and a beta of 3.58.

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

About BuzzFeed

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.