BuzzFeed (NASDAQ:BZFD) Shares Down 1.4% – Time to Sell?

BuzzFeed, Inc. (NASDAQ:BZFD) fell 1.4% during trading on Monday . The stock traded as low as $2.79 and last traded at $2.87. 458,347 shares changed hands during trading, a decline of 61% from the average session volume of 1,167,307 shares. The stock had previously closed at $2.91.

BuzzFeed Trading Down 1.4 %

The stock has a market cap of $109.06 million, a P/E ratio of -1.98 and a beta of 3.65. The company’s 50 day moving average price is $3.29 and its two-hundred day moving average price is $2.86.

Institutional Investors Weigh In On BuzzFeed

Several hedge funds and other institutional investors have recently modified their holdings of BZFD. Cubist Systematic Strategies LLC bought a new position in shares of BuzzFeed in the second quarter worth about $37,000. Dimensional Fund Advisors LP purchased a new stake in BuzzFeed during the second quarter valued at $53,000. Geode Capital Management LLC lifted its position in 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 purchasing an additional 29,543 shares during the last quarter. Finally, Seven Post Investment Office LP purchased a new position in shares of BuzzFeed in the 2nd quarter worth $1,881,000. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

BuzzFeed Company 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.