BuzzFeed, Inc. (NASDAQ:BZFD) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of BuzzFeed, Inc. (NASDAQ:BZFD) 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 (NASDAQ:BZFD) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.18) EPS for the quarter. BuzzFeed had a negative return on equity of 45.51% and a negative net margin of 28.24%. The business had revenue of $46.93 million during the quarter.

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.