JPMorgan Chase & Co. Has $1.19 Million Stock Holdings in Bumble Inc. $BMBL

Key Points

• JPMorgan Chase cut its stake in Bumble by 72.6% in Q3, now holding 195,329 shares worth about $1.19 million (roughly 0.17% of the company).
• Major shareholders (Buzz Holdings L.P. and Bx Buzz Ml‑1 Gp LLC) executed large sales—each offloading 7,477,504 shares on March 17—and insiders have sold a total of 29,910,016 shares worth about $105 million in the past 90 days, leaving insiders with 15.84% ownership.
• Bumble shares are trading near $3.45 with a market cap of ~$448 million and a 52‑week range of $2.61–$8.64, while analyst coverage shows a consensus "Reduce" rating and an average target price of $4.34.

JPMorgan Chase & Co. lessened its position in Bumble Inc. (NASDAQ:BMBL - Free Report) by 72.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 195,329 shares of the company's stock after selling 518,526 shares during the period. JPMorgan Chase & Co. owned approximately 0.17% of Bumble worth $1,190,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the business. Wexford Capital LP purchased a new position in shares of Bumble during the third quarter valued at approximately $31,000. Global Retirement Partners LLC grew its position in shares of Bumble by 1,760.8% during the 3rd quarter. Global Retirement Partners LLC now owns 10,588 shares of the company's stock valued at $64,000 after acquiring an additional 10,019 shares during the period. Castleview Partners LLC bought a new position in shares of Bumble during the 3rd quarter worth $65,000. Envestnet Asset Management Inc. bought a new position in shares of Bumble during the 3rd quarter worth $65,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Bumble by 182.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,117 shares of the company's stock worth $73,000 after acquiring an additional 7,185 shares during the period. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Bumble Stock Down 1.1%

Shares of NASDAQ BMBL opened at $3.45 on Friday. Bumble Inc. has a 52 week low of $2.61 and a 52 week high of $8.64. The business has a 50-day simple moving average of $3.22 and a two-hundred day simple moving average of $3.98. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.86. The company has a market cap of $447.88 million, a P/E ratio of -0.57, a P/E/G ratio of 0.12 and a beta of 1.86.

Insider Buying and Selling

In other Bumble news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,504 shares of the firm's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the transaction, the insider directly owned 25,832 shares of the company's stock, valued at $90,670.32. This trade represents a 99.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the firm's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the transaction, the insider directly owned 25,832 shares of the company's stock, valued at approximately $90,670.32. The trade was a 99.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,910,016 shares of company stock worth $104,984,156 in the last 90 days. 15.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BMBL. Zacks Research upgraded Bumble from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 10th. TD Cowen reiterated a "hold" rating and set a $5.00 price target on shares of Bumble in a research note on Thursday, March 12th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $5.00 price target on shares of Bumble in a research note on Thursday, March 12th. JPMorgan Chase & Co. raised shares of Bumble from an "underweight" rating to a "neutral" rating in a report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Bumble in a report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $4.34.

Bumble Profile

Bumble Inc operates a technology platform designed to facilitate social and professional connections through its suite of apps, most notably the flagship Bumble dating app. The company's core premise is to empower users—particularly women—to make the first move, helping to reshape traditional dating dynamics. In addition to its dating function, Bumble offers mode-switching features that allow users to find friends through “Bumble BFF” or pursue professional networking opportunities via “Bumble Bizz.”

Beyond the Bumble app, the company also owns and operates Badoo, a social discovery platform with a substantial global footprint, particularly in Europe and Latin America.

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