Schroder Investment Management Group lowered its position in Match Group Inc (NASDAQ:MTCH) by 25.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,994,356 shares of the technology company’s stock after selling 671,525 shares during the quarter. Schroder Investment Management Group owned about 0.73% of Match Group worth $62,443,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MTCH. Schwab Charles Investment Management Inc. increased its holdings in Match Group by 15.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 119,865 shares of the technology company’s stock worth $2,084,000 after acquiring an additional 16,401 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Match Group by 37.6% during the 2nd quarter. Alliancebernstein L.P. now owns 44,157 shares of the technology company’s stock valued at $767,000 after buying an additional 12,070 shares in the last quarter. Teachers Advisors LLC grew its holdings in Match Group by 34.9% during the 2nd quarter. Teachers Advisors LLC now owns 38,545 shares of the technology company’s stock valued at $670,000 after buying an additional 9,980 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in Match Group by 21.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 99,322 shares of the technology company’s stock valued at $1,726,000 after buying an additional 17,831 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Match Group by 17.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,987 shares of the technology company’s stock valued at $226,000 after buying an additional 1,887 shares in the last quarter. 21.35% of the stock is owned by institutional investors.
Shares of Match Group Inc (MTCH) opened at $41.56 on Tuesday. The firm has a market capitalization of $11,351.99, a P/E ratio of 69.27, a P/E/G ratio of 2.86 and a beta of 0.91. Match Group Inc has a 12-month low of $15.42 and a 12-month high of $42.67. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92.
Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). The firm had revenue of $379.00 million during the quarter, compared to the consensus estimate of $362.86 million. Match Group had a return on equity of 30.34% and a net margin of 26.31%. The business’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. analysts expect that Match Group Inc will post 0.91 earnings per share for the current fiscal year.
In other news, CFO Gary Swidler sold 90,089 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 333,090 shares of the company’s stock, valued at $13,836,558.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.62, for a total value of $340,463.78. The disclosure for this sale can be found here. Insiders sold a total of 252,310 shares of company stock worth $9,825,116 over the last ninety days. Insiders own 18.10% of the company’s stock.
MTCH has been the subject of a number of recent analyst reports. Barclays lifted their target price on Match Group from $20.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Wells Fargo & Co reiterated a “buy” rating on shares of Match Group in a research report on Tuesday, November 7th. Zacks Investment Research downgraded Match Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies reiterated an “overweight” rating and set a $33.00 price target (up previously from $28.00) on shares of Match Group in a research report on Wednesday, November 8th. Finally, UBS Group downgraded Match Group from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $28.00 to $35.00 in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Match Group has a consensus rating of “Buy” and a consensus price target of $36.51.
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About Match Group
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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