First Trust Advisors LP raised its holdings in Match Group Inc (NASDAQ:MTCH) by 306.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,431,403 shares of the technology company’s stock after purchasing an additional 1,078,925 shares during the quarter. First Trust Advisors LP’s holdings in Match Group were worth $44,817,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Match Group by 34.8% in the second quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after purchasing an additional 1,617,950 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Match Group by 493.8% in the third quarter. Wells Fargo & Company MN now owns 1,003,722 shares of the technology company’s stock valued at $23,276,000 after purchasing an additional 834,681 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Match Group by 33.7% in the third quarter. Artisan Partners Limited Partnership now owns 937,605 shares of the technology company’s stock valued at $21,743,000 after purchasing an additional 236,331 shares during the last quarter. Scout Investments Inc. boosted its holdings in Match Group by 17.7% in the third quarter. Scout Investments Inc. now owns 863,627 shares of the technology company’s stock valued at $20,028,000 after purchasing an additional 129,732 shares during the last quarter. Finally, First Manhattan Co. boosted its holdings in Match Group by 12.0% in the third quarter. First Manhattan Co. now owns 748,025 shares of the technology company’s stock valued at $17,346,000 after purchasing an additional 80,075 shares during the last quarter. 20.72% of the stock is currently owned by institutional investors.
In other news, Director Ann Mcdaniel sold 11,119 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gary Swidler sold 90,089 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.54, for a total transaction of $3,742,297.06. Following the sale, the chief financial officer now directly owns 333,090 shares in the company, valued at $13,836,558.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 252,310 shares of company stock worth $9,825,116. Corporate insiders own 18.10% of the company’s stock.
Shares of Match Group Inc (MTCH) opened at $41.56 on Friday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. Match Group Inc has a 12 month low of $15.42 and a 12 month high of $42.67. The stock has a market cap of $11,351.99, a PE ratio of 34.92, a PEG ratio of 2.86 and a beta of 0.91.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). Match Group had a return on equity of 30.34% and a net margin of 26.31%. The firm had revenue of $379.00 million for the quarter, compared to analysts’ expectations of $362.86 million. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s revenue was up 28.5% compared to the same quarter last year. research analysts predict that Match Group Inc will post 0.91 earnings per share for the current year.
Several equities research analysts have commented on the stock. BidaskClub lowered shares of Match Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research lowered shares of Match Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Vetr lowered shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price target on the stock. in a report on Monday, January 8th. Cowen reaffirmed a “buy” rating and issued a $33.00 price target on shares of Match Group in a report on Friday, November 10th. Finally, Barclays upped their price target on shares of Match Group from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $36.51.
Match Group Company Profile
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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