Moody National Bank Trust Division raised its holdings in shares of Bumble Inc. (NASDAQ:BMBL – Get Rating) by 18.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,600 shares of the company's stock after acquiring an additional 3,058 shares during the quarter. Moody National Bank Trust Division's holdings in Bumble were worth $421,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. California State Teachers Retirement System grew its position in 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 purchasing an additional 401 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Bumble by 2.6% in the first quarter. Advisor Group Holdings Inc. now owns 16,549 shares of the company's stock worth $471,000 after acquiring an additional 425 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Bumble by 3.9% during the first quarter. Teacher Retirement System of Texas now owns 14,344 shares of the company's stock worth $416,000 after acquiring an additional 538 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Bumble by 17.6% during the second quarter. Exchange Traded Concepts LLC now owns 3,704 shares of the company's stock valued at $104,000 after purchasing an additional 555 shares during the last quarter. Finally, Verition Fund Management LLC grew its stake in Bumble by 8.2% in the second quarter. Verition Fund Management LLC now owns 8,282 shares of the company's stock valued at $233,000 after purchasing an additional 631 shares in the last quarter.
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Bumble Price Performance
Shares of Bumble stock opened at $23.02 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.24 and a quick ratio of 3.24. The company has a market cap of $2.98 billion, a PE ratio of 143.88 and a beta of 1.82. The firm has a fifty day moving average price of $23.26 and a two-hundred day moving average price of $27.28. Bumble Inc. has a fifty-two week low of $15.41 and a fifty-two week high of $39.33.
Wall Street Analysts Forecast Growth
BMBL has been the subject of several research reports. Cowen reduced their price target on Bumble from $38.00 to $33.00 in a report on Thursday, November 10th. Piper Sandler dropped their price target on shares of Bumble from $30.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, November 10th. KeyCorp assumed coverage on shares of Bumble in a research note on Monday, October 31st. They issued a "sector weight" rating for the company. UBS Group started coverage on shares of Bumble in a research report on Thursday, December 8th. They set a "neutral" rating and a $24.00 target price on the stock. Finally, Raymond James reduced their price target on Bumble from $37.00 to $24.00 and set an "outperform" rating for the company in a research report on Thursday, November 10th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Bumble currently has a consensus rating of "Moderate Buy" and an average price target of $27.72.
Bumble Profile
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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.
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