NEA Management Company LLC reduced its position in shares of BuzzFeed, Inc. (NASDAQ:BZFD – Free Report) by 75.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,833,473 shares of the company’s stock after selling 11,500,419 shares during the period. BuzzFeed comprises approximately 0.8% of NEA Management Company LLC’s holdings, making the stock its 25th largest holding. NEA Management Company LLC owned about 10.47% of BuzzFeed worth $10,580,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft acquired a new stake in BuzzFeed during the second quarter worth about $475,000. Seven Post Investment Office LP acquired a new stake in shares of BuzzFeed during the 2nd quarter worth approximately $1,881,000. Dimensional Fund Advisors LP bought a new stake in shares of BuzzFeed in the 2nd quarter worth approximately $53,000. Finally, Cubist Systematic Strategies LLC acquired a new position in BuzzFeed during the 2nd quarter valued at approximately $37,000. 37.64% of the stock is currently owned by institutional investors.
BuzzFeed Stock Performance
Shares of BZFD opened at $2.75 on Wednesday. BuzzFeed, Inc. has a 12 month low of $0.64 and a 12 month high of $4.56. The stock has a fifty day moving average price of $2.63 and a 200 day moving average price of $2.30.
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.
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