Seven Post Investment Office LP Invests $1.88 Million in BuzzFeed, Inc. (NASDAQ:BZFD)

Seven Post Investment Office LP acquired a new position in shares of BuzzFeed, Inc. (NASDAQ:BZFD) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 681,428 shares of the company’s stock, valued at approximately $1,881,000. BuzzFeed accounts for about 0.3% of Seven Post Investment Office LP’s investment portfolio, making the stock its 25th largest holding.

Separately, Baader Bank Aktiengesellschaft acquired a new stake in shares of BuzzFeed during the second quarter worth $475,000. 37.64% of the stock is owned by institutional investors and hedge funds.

BuzzFeed Stock Performance

BuzzFeed stock opened at $2.33 on Friday. BuzzFeed, Inc. has a 1 year low of $0.64 and a 1 year high of $4.56. The firm’s 50-day moving average is $2.66 and its 200-day moving average is $2.17. The company has a market cap of $85.30 million, a P/E ratio of -0.95 and a beta of 3.35.

BuzzFeed (NASDAQ:BZFD) last issued its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share (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.