FMR LLC & Abigail Johnson Report 3.908% Stake in Bumble Inc.
Ticker: BMBL · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1830043
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson now own 3.908% of Bumble, a slight dip but still a big stake.**
AI Summary
FMR LLC, a major investment management firm, and its Chairman and CEO, Abigail P. Johnson, have updated their ownership stake in Bumble Inc. (BUMBLE) Class A Common Stock. As of February 9, 2024, they collectively beneficially own 5,344,983 shares, representing 3.908% of the company's outstanding shares. This filing indicates a slight decrease in their reported percentage ownership from previous filings, which could signal a minor shift in their investment strategy for Bumble.
Why It Matters
This filing shows that a significant institutional investor, FMR LLC, and its leader, Abigail P. Johnson, still hold a notable, though slightly reduced, position in Bumble, which can influence investor confidence and stock perception.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
Investors should note that a major institutional investor like FMR LLC still holds a substantial position in Bumble, which can be a sign of long-term confidence, but the slight reduction in percentage ownership might warrant monitoring future filings for further changes in their conviction.
Key Numbers
- 5,344,983 — shares beneficially owned (total Class A Common Stock shares in Bumble Inc. held by FMR LLC and Abigail P. Johnson)
- 3.908% — percent of class (percentage of Bumble Inc. Class A Common Stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 0 — shared power to vote (number of shares FMR LLC and Abigail P. Johnson have shared power to vote or direct the vote)
- 12047B105 — CUSIP number (identifier for Bumble Inc. Class A Common Stock)
- 20240209 — date of change (the date as of which the ownership information is reported)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, Chairman and CEO of FMR LLC
- Bumble Inc. (company) — the issuer of the securities
- Delaware (company) — state of incorporation for FMR LLC
- United States of America (person) — citizenship of Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant, but potentially fluctuating, stake in Bumble Inc. over the next year. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for Bumble Inc.?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of Class A Common Stock shares of Bumble Inc. beneficially owned by FMR LLC and Abigail P. Johnson?
As per Item 4(a) and Item 7 on the cover page for both reporting persons, they beneficially own a total of 5,344,983 shares of Bumble Inc. Class A Common Stock.
What percentage of Bumble Inc.'s Class A Common Stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 3.908% of the Class A Common Stock, as indicated in Item 11 on the cover page for both reporting persons and Item 4(b).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing and in Item 3.
What is the business address of Bumble Inc. as stated in the filing?
Bumble Inc.'s principal executive offices are located at 1105 WEST 41ST STREET, AUSTIN, TX 78756 USA, according to Item 1(b) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding Bumble Inc. (BMBL).