BuzzFeed, Inc. (NASDAQ:BZFD) Major Shareholder Sells $10,134,384.37 in Stock

Posted by Andrew Walz on May 26th, 2024

BuzzFeed, Inc. (NASDAQ:BZFD – Get Free Report) major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

BuzzFeed Price Performance

Shares of BZFD opened at $2.80 on Friday. BuzzFeed, Inc. has a one year low of $0.64 and a one year high of $4.56. The company has a 50-day moving average of $1.80 and a two-hundred day moving average of $1.35. The stock has a market cap of $102.51 million, a price-to-earnings ratio of -1.14 and a beta of 3.10.

BuzzFeed (NASDAQ:BZFD – Get Free Report) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.72) earnings per share (EPS) for the quarter. The company had revenue of $44.76 million during the quarter. BuzzFeed had a negative return on equity of 58.08% and a negative net margin of 32.51%.

Institutional Trading of BuzzFeed

An institutional investor recently bought a new position in BuzzFeed stock. Monaco Asset Management SAM purchased a new stake in shares of BuzzFeed, Inc. (NASDAQ:BZFD – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 500,000 shares of the company’s stock, valued at approximately $125,000. Monaco Asset Management SAM owned about 0.35% of BuzzFeed as of its most recent SEC filing. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

BuzzFeed Company Profile

(Get Free Report)

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.