Stratos Wealth Partners LTD. increased its stake in Rumble Inc. (NASDAQ:RUM - Free Report) by 353.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,596 shares of the company's stock after purchasing an additional 49,564 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Rumble were worth $450,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in RUM. Vanguard Group Inc. boosted its stake in Rumble by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 7,972,575 shares of the company's stock valued at $103,723,000 after buying an additional 229,294 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of Rumble by 9,234.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,351,803 shares of the company's stock valued at $17,587,000 after acquiring an additional 1,337,321 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Rumble by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,041,044 shares of the company's stock valued at $13,550,000 after acquiring an additional 5,326 shares during the last quarter. Millennium Management LLC increased its holdings in Rumble by 287.7% during the 4th quarter. Millennium Management LLC now owns 781,747 shares of the company's stock valued at $10,171,000 after purchasing an additional 580,105 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Rumble by 2.8% during the 4th quarter. Ameriprise Financial Inc. now owns 638,316 shares of the company's stock valued at $8,304,000 after purchasing an additional 17,100 shares during the period. 26.15% of the stock is currently owned by hedge funds and other institutional investors.
Rumble Stock Performance
Shares of RUM traded up $0.14 during mid-day trading on Wednesday, reaching $8.93. The company had a trading volume of 1,936,765 shares, compared to its average volume of 3,314,558. The firm has a 50-day moving average price of $9.17 and a 200 day moving average price of $9.53. Rumble Inc. has a 52 week low of $4.92 and a 52 week high of $17.40. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of -6.20 and a beta of 0.73.
Wall Street Analysts Forecast Growth
Separately, Wedbush set a $8.00 price target on Rumble and gave the company a "neutral" rating in a report on Tuesday, April 15th.
Read Our Latest Stock Analysis on RUM
About Rumble
(
Free Report)
Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.
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