XTX Topco Ltd Trims Stake in BuzzFeed, Inc. (NASDAQ:BZFD)

XTX Topco Ltd trimmed its stake in BuzzFeed, Inc. (NASDAQ:BZFD) by 86.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,365 shares of the company’s stock after selling 108,624 shares during the period. XTX Topco Ltd’s holdings in BuzzFeed were worth $48,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Seven Post Investment Office LP bought a new position in BuzzFeed in the 2nd quarter worth $1,881,000. Baader Bank Aktiengesellschaft bought a new position in BuzzFeed in the 2nd quarter worth $475,000. Finally, Dimensional Fund Advisors LP bought a new position in BuzzFeed in the 2nd quarter worth $53,000. Institutional investors own 37.64% of the company’s stock.

BuzzFeed Stock Performance

Shares of BuzzFeed stock opened at $2.74 on Thursday. The company has a market capitalization of $100.31 million, a P/E ratio of -1.11 and a beta of 3.35. The company has a fifty day moving average of $2.63 and a 200 day moving average of $2.35. BuzzFeed, Inc. has a fifty-two week low of $0.64 and a fifty-two week high of $4.56.

BuzzFeed (NASDAQ:BZFD) last issued its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $46.93 million during the quarter. BuzzFeed had a negative return on equity of 45.51% and a negative net margin of 28.24%.

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.