JPMorgan Chase & Co. Has $841,000 Stock Position in Bumble Inc. (NASDAQ:BMBL)

JPMorgan Chase & Co. boosted its stake in shares of Bumble Inc. (NASDAQ:BMBL) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,854 shares of the company’s stock after buying an additional 2,760 shares during the period. JPMorgan Chase & Co.’s holdings in Bumble were worth $841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BMBL. Principal Financial Group Inc. purchased a new position in Bumble during the third quarter valued at approximately $911,000. Victory Capital Management Inc. grew its holdings in shares of Bumble by 470.7% during the 3rd quarter. Victory Capital Management Inc. now owns 250,025 shares of the company’s stock valued at $1,595,000 after acquiring an additional 206,215 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Bumble in the second quarter worth $1,716,000. AXA S.A. raised its holdings in shares of Bumble by 1,589.8% during the second quarter. AXA S.A. now owns 191,064 shares of the company’s stock worth $2,008,000 after acquiring an additional 179,757 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Bumble by 11.3% during the third quarter. Franklin Resources Inc. now owns 62,328 shares of the company’s stock valued at $421,000 after purchasing an additional 6,325 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Price Performance

Shares of BMBL stock opened at $7.50 on Monday. Bumble Inc. has a 12 month low of $4.80 and a 12 month high of $14.65. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.75. The firm has a market cap of $811.35 million, a PE ratio of -1.53 and a beta of 1.70. The stock has a 50 day moving average of $8.07 and a 200-day moving average of $7.54.

Analyst Ratings Changes

BMBL has been the topic of several research reports. The Goldman Sachs Group upped their target price on Bumble from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Citigroup raised their price objective on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Susquehanna lifted their target price on shares of Bumble from $6.00 to $8.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Wolfe Research lowered shares of Bumble from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley lifted their price objective on shares of Bumble from $7.50 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bumble presently has an average rating of “Hold” and an average target price of $8.50.

Bumble Company Profile

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 apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.