Wellington Management Amends Bumble Stake, Signals Continued Confidence
Ticker: BMBL · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 1830043
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Wellington Management still holds Bumble stock, good sign for investors.**
AI Summary
Wellington Management Group LLP, a Massachusetts-based investment firm, filed an amended SC 13G/A for Bumble Inc. on February 8, 2024, indicating their ownership of Bumble's Common Stock as of December 29, 2023. This filing updates their previous disclosure, confirming their continued significant, though passive, stake in the dating app company. For investors, this means a major institutional player still sees value in Bumble, which can be a positive signal for the stock's stability and long-term prospects.
Why It Matters
This filing shows a large institutional investor, Wellington Management Group LLP, maintains a significant position in Bumble Inc., which can be interpreted as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate or significant change in risk for Bumble Inc. shareholders.
Analyst Insight
An investor should note that a major institutional investor like Wellington Management Group LLP continues to hold a position in Bumble Inc., suggesting ongoing confidence in the company. This information could be factored into a broader analysis of Bumble's institutional ownership and market sentiment.
Key Players & Entities
- Wellington Management Group LLP (company) — the reporting person and institutional investor
- Bumble Inc. (company) — the subject company whose stock is being reported
- Massachusetts (company) — place of organization for Wellington Management Group LLP
- December 29, 2023 (date) — date of event requiring the filing
- February 8, 2024 (date) — date the filing was made
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)' sections.
Who is the subject company of this filing?
The subject company is Bumble Inc., as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bumble Inc.'.
Who is the reporting person in this filing?
The reporting person is Wellington Management Group LLP, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLINGTON MANAGEMENT GROUP LLP' and '1. NAMES OF REPORTING PERSONS Wellington Management Group LLP'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Bumble Inc. is 12047B105, as listed under 'CUSIP No. 12047B105'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified in the document: 'December 29, 2023 (Date of Event Which Requires Filing of this Statement)'.
Filing Stats: 1,776 words · 7 min read · ~6 pages · Grade level 9.6 · Accepted 2024-02-08 10:11:32
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 30KB
- 0000902219-24-000053.txt ( ) — 32KB
From the Filing
SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Bumble Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 12047B105 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 12047B105 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 6,076,500 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 6,686,424 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,686,424 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.89% 12. TYPE OF REPORTING PERSON HC CUSIP No. 12047B105 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 6,076,500 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 6,686,424 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,686,424 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.89% 12. TYPE OF REPORTING PERSON HC CUSIP No. 12047B105 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 6,076,500 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 6,686,424 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,686,424 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.89% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer Bumble Inc. (b) Address of Issuer's Principal Executive Offices 1105 West 41st Street Austin, TX 78756 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 12047B105 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J).