987,339 Shares in Bumble Inc. $BMBL Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new stake in Bumble Inc. (NASDAQ:BMBL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 987,339 shares of the company’s stock, valued at approximately $6,013,000. Tudor Investment Corp ET AL owned 0.88% of Bumble at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BMBL. Maple Rock Capital Partners Inc. bought a new stake in shares of Bumble in the second quarter valued at approximately $30,127,000. Vanguard Group Inc. raised its holdings in Bumble by 52.0% in the 3rd quarter. Vanguard Group Inc. now owns 11,164,004 shares of the company’s stock valued at $67,989,000 after acquiring an additional 3,820,205 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Bumble by 3,714.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 923,093 shares of the company’s stock valued at $6,083,000 after acquiring an additional 898,893 shares in the last quarter. Barclays PLC lifted its position in shares of Bumble by 137.7% during the 3rd quarter. Barclays PLC now owns 1,380,934 shares of the company’s stock valued at $8,410,000 after acquiring an additional 799,947 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Bumble by 36.2% during the 3rd quarter. Bank of America Corp DE now owns 2,528,128 shares of the company’s stock valued at $15,396,000 after acquiring an additional 671,907 shares during the period. Institutional investors own 94.85% of the company’s stock.

Insider Activity

In related news, major shareholder Buzz Holdings L.P. Bcp sold 7,477,504 shares of Bumble 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 owned 25,832 shares of the company’s stock, valued at $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the business’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 owned 25,832 shares in the company, valued at approximately $90,670.32. The trade was a 99.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 29,910,016 shares of company stock worth $104,984,156 over the last ninety days. Corporate insiders own 15.84% of the company’s stock.

Analysts Set New Price Targets

BMBL has been the topic of a number of recent analyst reports. Bank of America decreased their price target on Bumble from $3.50 to $3.30 and set an “underperform” rating on the stock in a research report on Thursday, March 12th. JPMorgan Chase & Co. raised shares of Bumble from an “underweight” rating to a “neutral” rating in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bumble in a report on Monday, March 16th. Jefferies Financial Group decreased their price objective 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, Weiss Ratings restated a “sell (d-)” rating on shares of Bumble in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $4.34.

Bumble Trading Down 5.3%

Shares of BMBL stock opened at $3.40 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.86. Bumble Inc. has a 1-year low of $2.61 and a 1-year high of $8.64. The stock has a 50-day moving average of $3.28 and a 200-day moving average of $4.23. The stock has a market cap of $441.39 million, a price-to-earnings ratio of -0.56, a PEG ratio of 0.12 and a beta of 1.96.

Bumble Company 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.