Bumble Inc. (NASDAQ:BMBL) is Joho Capital LLC’s 6th Largest Position

Joho Capital LLC trimmed its holdings in shares of Bumble Inc. (NASDAQ:BMBL) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 675,000 shares of the company’s stock after selling 675,000 shares during the period. Bumble makes up about 1.0% of Joho Capital LLC’s portfolio, making the stock its 6th biggest position. Joho Capital LLC owned about 0.62% of Bumble worth $5,494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. RBF Capital LLC acquired a new stake in shares of Bumble during the 4th quarter worth approximately $5,157,000. Stifel Financial Corp purchased a new stake in Bumble during the fourth quarter worth $830,000. Tower Research Capital LLC TRC grew its position in Bumble by 20.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,400 shares of the company’s stock valued at $60,000 after buying an additional 1,249 shares during the period. Dimensional Fund Advisors LP increased its holdings in Bumble by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,965,283 shares of the company’s stock valued at $32,279,000 after buying an additional 22,136 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Bumble by 429.5% in the fourth quarter. First Trust Advisors LP now owns 772,394 shares of the company’s stock valued at $6,287,000 after buying an additional 626,528 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Bumble Price Performance

NASDAQ:BMBL opened at $4.43 on Wednesday. Bumble Inc. has a one year low of $3.55 and a one year high of $12.49. The stock has a market cap of $467.57 million, a PE ratio of -0.91 and a beta of 1.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.09 and a current ratio of 2.09. The stock has a 50 day moving average price of $4.82 and a 200 day moving average price of $6.81.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Piper Sandler dropped their target price on Bumble from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Evercore ISI dropped their price objective on Bumble from $8.00 to $7.00 and set an “in-line” rating on the stock in a report on Wednesday, February 19th. Susquehanna reduced their target price on Bumble from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Citigroup dropped their price target on shares of Bumble from $8.00 to $6.80 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus reduced their price objective on shares of Bumble from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. One investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.09.

Bumble 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.