Renaissance Technologies LLC lowered its stake in shares of BuzzFeed, Inc. (NASDAQ:BZFD – Free Report) by 33.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,626 shares of the company’s stock after selling 74,074 shares during the quarter. Renaissance Technologies LLC owned about 0.41% of BuzzFeed worth $410,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of BZFD. Seven Post Investment Office LP purchased a new position in shares of BuzzFeed in the 2nd quarter worth about $1,881,000. Baader Bank Aktiengesellschaft purchased a new position in BuzzFeed in the second quarter valued at approximately $475,000. Finally, Dimensional Fund Advisors LP purchased a new stake in BuzzFeed during the second quarter worth approximately $53,000. 37.64% of the stock is currently owned by hedge funds and other institutional investors.
BuzzFeed Price Performance
Shares of BZFD opened at $2.51 on Friday. BuzzFeed, Inc. has a 12 month low of $0.64 and a 12 month high of $4.56. The stock has a market cap of $91.89 million, a PE ratio of -1.02 and a beta of 3.35. The stock’s 50-day moving average is $2.62 and its two-hundred day moving average is $2.39.
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.
See Also
- Five stocks we like better than BuzzFeed
- Investing in Commodities: What Are They? How to Invest in Them
- MercadoLibre Targets Double-Digit Upside with Argentina Boom
- How to Buy Cheap Stocks Step by Step
- Domino’s Pizza Stock Delivers: A Hot Buy for Growth Investors
- What Are Dividend Champions? How to Invest in the Champions
- 3 Small-Cap Stocks Ready to Deliver Significant Growth
Want to see what other hedge funds are holding BZFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BuzzFeed, Inc. (NASDAQ:BZFD – Free Report).
Receive News & Ratings for BuzzFeed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BuzzFeed and related companies with MarketBeat.com's FREE daily email newsletter.