Massachusetts Financial Services Co. MA Decreases Stock Holdings in Bumble Inc. (NASDAQ:BMBL)

Massachusetts Financial Services Co. MA lowered its stake in shares of Bumble Inc. (NASDAQ:BMBLFree Report) by 0.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,178,959 shares of the company’s stock after selling 5,047 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Bumble were worth $17,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. California State Teachers Retirement System raised its position in shares of Bumble by 0.7% during the first quarter. California State Teachers Retirement System now owns 60,437 shares of the company’s stock valued at $1,751,000 after buying an additional 401 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Bumble by 50.2% during the third quarter. Public Employees Retirement System of Ohio now owns 1,633 shares of the company’s stock valued at $35,000 after buying an additional 546 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Bumble by 8.2% during the second quarter. Verition Fund Management LLC now owns 8,282 shares of the company’s stock valued at $233,000 after buying an additional 631 shares during the last quarter. State of Wyoming raised its position in shares of Bumble by 17.8% during the second quarter. State of Wyoming now owns 4,459 shares of the company’s stock valued at $75,000 after buying an additional 673 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Bumble by 2.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 36,277 shares of the company’s stock valued at $764,000 after buying an additional 876 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Bumble Stock Up 2.5 %

NASDAQ BMBL opened at $13.28 on Friday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $14.26 and a two-hundred day moving average of $14.87. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -19.25 and a beta of 1.78. Bumble Inc. has a 52 week low of $12.29 and a 52 week high of $25.74.

Analyst Ratings Changes

BMBL has been the topic of several recent analyst reports. Wells Fargo & Company began coverage on shares of Bumble in a research report on Thursday, December 7th. They set an “overweight” rating and a $19.00 price objective on the stock. Morgan Stanley reduced their price target on shares of Bumble from $22.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. JPMorgan Chase & Co. reduced their price target on shares of Bumble from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 8th. Raymond James reduced their price target on shares of Bumble from $22.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th. Finally, Susquehanna reduced their price target on shares of Bumble from $25.00 to $17.00 and set a “positive” rating on the stock in a research report on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.46.

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Bumble Company Profile

(Free Report)

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates two apps, Bumble and Badoo with approximately 40 million users on monthly basis, as well as Fruitz, an online dating app.

See Also

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Institutional Ownership by Quarter for Bumble (NASDAQ:BMBL)

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