Levin Capital Strategies L.P. Has $516,000 Stock Holdings in Bumble Inc. (NASDAQ:BMBL)

Levin Capital Strategies L.P. boosted its position in Bumble Inc. (NASDAQ:BMBL) by 75.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Bumble were worth $516,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC lifted its position in shares of Bumble by 98.6% during the 4th quarter. Headlands Technologies LLC now owns 2,200 shares of the company’s stock valued at $32,000 after acquiring an additional 1,092 shares during the period. Rhumbline Advisers raised its holdings in shares of Bumble by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 166,569 shares of the company’s stock worth $2,485,000 after buying an additional 1,580 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Bumble by 3.4% during the 3rd quarter. Clearbridge Investments LLC now owns 50,280 shares of the company’s stock worth $750,000 after buying an additional 1,661 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in shares of Bumble by 11.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 22,776 shares of the company’s stock worth $330,000 after buying an additional 2,253 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Bumble by 12.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 20,561 shares of the company’s stock worth $307,000 after buying an additional 2,268 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Insider Transactions at Bumble

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the stock in a transaction that occurred on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total transaction of $27,853,407.60. Following the completion of the sale, the insider now directly owns 12,802 shares of the company’s stock, valued at $142,102.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.84% of the company’s stock.

Bumble Stock Up 0.7 %

NASDAQ:BMBL traded up $0.07 on Thursday, hitting $10.19. The stock had a trading volume of 1,044,418 shares, compared to its average volume of 2,829,293. The business’s fifty day moving average is $10.94 and its 200 day moving average is $12.97. The company has a market cap of $1.32 billion, a PE ratio of -340.33, a P/E/G ratio of 0.28 and a beta of 1.67. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.44. Bumble Inc. has a 52 week low of $9.93 and a 52 week high of $21.06.

Bumble (NASDAQ:BMBL) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.31). The company had revenue of $273.64 million during the quarter, compared to analysts’ expectations of $275.38 million. Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. On average, equities research analysts expect that Bumble Inc. will post 0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Bumble from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. Morgan Stanley assumed coverage on Bumble in a report on Thursday, April 18th. They issued an “equal weight” rating and a $13.00 target price for the company. Susquehanna lowered their target price on Bumble from $17.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, February 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Bumble in a report on Wednesday, February 28th. Finally, BTIG Research lowered their target price on Bumble from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Bumble has an average rating of “Moderate Buy” and an average price target of $16.68.

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.