Massachusetts Financial Services Co. MA Invests $92.82 Million in Bullish $BLSH

Massachusetts Financial Services Co. MA bought a new stake in shares of Bullish (NYSE:BLSH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,459,261 shares of the company’s stock, valued at approximately $92,824,000. Massachusetts Financial Services Co. MA owned approximately 1.00% of Bullish at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BLSH. Tradewinds Capital Management LLC bought a new stake in Bullish in the third quarter worth approximately $25,000. CWM LLC acquired a new stake in shares of Bullish during the 3rd quarter worth approximately $31,000. Albion Financial Group UT acquired a new stake in shares of Bullish during the 3rd quarter worth approximately $64,000. Benjamin Edwards Inc. bought a new stake in shares of Bullish in the 3rd quarter valued at $730,000. Finally, Renaissance Capital LLC acquired a new position in shares of Bullish during the 3rd quarter valued at $2,436,000.

Bullish Trading Down 0.2%

Bullish stock opened at $38.93 on Wednesday. The company has a market capitalization of $5.69 billion and a price-to-earnings ratio of 1,946.25. The firm has a fifty day simple moving average of $41.45. Bullish has a 1-year low of $34.24 and a 1-year high of $118.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 38.78 and a quick ratio of 36.58.

Bullish News Summary

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Ripple argues that regulated stablecoins will drive institutional adoption and move tokenized cash into the regulated financial system — a development that could boost demand for regulated crypto trading and custody platforms. Ripple Highlights Bullish Case for Regulated Stablecoins
• Positive Sentiment: The NYSE (ICE) says it’s planning a platform for tokenized securities; analysts and industry figures called the move bullish for crypto — broader institutional infrastructure for tokenized assets could expand market activity that benefits exchanges and trading venues. Apple, Google Tokens On NYSE? Exchange Says Its Planning A Platform For Tokenized Securities
• Positive Sentiment: Coinbase’s CEO withdrawing support for the proposed Crypto Clarity Act was framed as potentially bullish for crypto in coverage — regulatory debate and industry pushback can reshape policy outcomes; any clearer, industry-aligned rules could help on?ramp institutional flows. Coinbase CEO Withdraws Support For Clarity Act — Why It Could Be Bullish For Crypto
• Neutral Sentiment: New 2x leveraged ETFs tied to Xpeng and O’Reilly were launched for active traders; increased retail/derivative trading interest can raise overall crypto and equities activity, but impact on BLSH is indirect. Bullish Traders Get New 2X ETFs Tied To Xpeng EVs And O’Reilly Auto Demand
• Neutral Sentiment: Riot Platforms’ big AI/AMD deal lifted that miner’s shares — positive headlines for Bitcoin/mining names can improve speculative sentiment in crypto markets but are not directly tied to BLSH’s business. Riot Platforms Stock (RIOT) Scores Analysts’ Bullish Reviews on AI Deal with AMD
• Neutral Sentiment: Coverage pieces on unrelated stocks (Intel, UnitedHealth, Domino’s, Brinker) and investor picks (TipRanks/chess champion) are market noise; they don’t directly affect BLSH unless they shift broader risk appetite. This Intel Analyst Turns Bullish On Return To ‘The Right Path’
• Neutral Sentiment: Commentary tying geopolitical or sector events (the “Greenland debacle” piece about crypto sentiment) to specific exchange flows may change short-term volatility but is speculative for BLSH. How the Greenland Debacle Creates a Bullish Tailwind for Coinbase Stock (COIN)

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Bullish from a “hold” rating to a “buy” rating and cut their target price for the stock from $52.00 to $51.00 in a research note on Wednesday, November 19th. Canaccord Genuity Group dropped their price objective on shares of Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Citigroup reduced their target price on Bullish from $77.00 to $67.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $50.00 price target on shares of Bullish in a research note on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.58.

About Bullish

Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.