BuzzFeed, Inc. (NASDAQ:BZFD) Major Shareholder John S. Johnson III Sells 104,000 Shares

BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) major shareholder John S. Johnson III sold 104,000 shares of the company's stock in a transaction on Friday, May 31st. The stock was sold at an average price of $2.85, for a total transaction of $296,400.00. Following the completion of the transaction, the insider now owns 1,091,195 shares of the company's stock, valued at $3,109,905.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.BuzzFeed Stock Down 2.0 %NASDAQ:BZFD traded down $0.06 during midday trading on Tuesday, hitting $2.70. The company had a trading volume of 496,524 shares, compared to its average volume of 1,653,273. BuzzFeed, Inc. has a 52-week low of $0.64 and a 52-week high of $4.56. The stock's fifty day moving average price is $1.96 and its 200-day moving average price is $1.42. The company has a market capitalization of $98.66 million, a PE ratio of -1.12 and a beta of 3.39. BuzzFeed (NASDAQ:BZFD - Get Free Report) last announced its earnings results on Monday, May 13th. The company reported ($0.72) earnings per share (EPS) for the quarter. BuzzFeed had a negative return on equity of 58.08% and a negative net margin of 32.51%. The company had revenue of $44.76 million during the quarter. Institutional Trading of BuzzFeedAn 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) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 500,000 shares of the company's stock, valued at approximately $125,000. Monaco Asset Management SAM owned 0.35% of BuzzFeed as of its most recent SEC filing. Hedge funds and other institutional investors own 37.64% of the company's stock. 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.Read MoreFive stocks we like better than BuzzFeed3 Stocks to Protect Your Portfolio from the Coronavirus Contagion GitLab’s Weak Results Were Priced In; Time to Buy the Dip?Energy and Oil Stocks ExplainedBirkenstock Looks Like a Fit in Any Growth-Oriented PortfolioThe How and Why of Investing in Gold StocksThese Are the Most Active Congressional Trades This QuarterThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Protect Your Bank Account Before It’s Too Late (From Weiss Ratings) (Ad)Should you invest $1,000 in BuzzFeed right now?Before you consider BuzzFeed, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BuzzFeed wasn't on the list.While BuzzFeed currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here