Vanguard Group Inc. Has $67.99 Million Holdings in Bumble Inc. $BMBL

Key Points

• Vanguard boosted its stake in Bumble by 52% in Q3 to 11,164,004 shares, representing a 10.73% ownership stake worth about $67.99 million.
• Analysts have cut targets and turned cautious—MarketBeat shows a consensus rating of "Reduce" with an average price target of $4.60 after multiple downgrades and lower price targets from firms like Susquehanna, Jefferies and Goldman.
• Bumble shares trade around $3.06 (near a 1-year low of $2.61) with a market cap of roughly $345 million and a P/E of 2.73, while institutional investors hold about 94.85% of the stock.

Vanguard Group Inc. grew its holdings in Bumble Inc. (NASDAQ:BMBL - Free Report) by 52.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,164,004 shares of the company's stock after acquiring an additional 3,820,205 shares during the quarter. Vanguard Group Inc. owned 10.73% of Bumble worth $67,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bumble during the 2nd quarter worth about $504,000. Caxton Associates LLP acquired a new stake in Bumble during the second quarter worth about $2,468,000. Quinn Opportunity Partners LLC grew its position in Bumble by 292.9% during the second quarter. Quinn Opportunity Partners LLC now owns 200,372 shares of the company's stock worth $1,320,000 after buying an additional 149,372 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in Bumble during the second quarter valued at about $2,928,000. Finally, Federated Hermes Inc. increased its stake in Bumble by 57.6% during the second quarter. Federated Hermes Inc. now owns 1,173,055 shares of the company's stock valued at $7,730,000 after acquiring an additional 428,559 shares during the period. Institutional investors and hedge funds own 94.85% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on BMBL shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Bumble in a report on Monday, December 29th. Susquehanna cut their target price on Bumble from $7.00 to $4.50 and set a "neutral" rating for the company in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $4.00 target price on shares of Bumble in a research report on Tuesday, January 20th. Jefferies Financial Group decreased their price target on shares of Bumble from $5.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Bumble from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, November 7th. Eleven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $4.60.

Bumble Trading Down 2.2%

BMBL stock opened at $3.06 on Friday. Bumble Inc. has a 1-year low of $2.61 and a 1-year high of $8.64. The firm has a market cap of $344.98 million, a P/E ratio of 2.73, a P/E/G ratio of 0.11 and a beta of 1.96. The business's 50 day moving average is $3.29 and its 200-day moving average is $4.50. The company has a current ratio of 3.55, a quick ratio of 3.55 and a debt-to-equity ratio of 0.97.

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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