DekaBank Deutsche Girozentrale Takes $475,000 Position in Match Group (MTCH)

DekaBank Deutsche Girozentrale bought a new position in Match Group (NASDAQ:MTCH) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,000 shares of the technology company’s stock, valued at approximately $475,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MTCH. Wells Fargo & Company MN grew its stake in shares of Match Group by 163.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,649,016 shares of the technology company’s stock worth $82,940,000 after purchasing an additional 1,645,294 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Match Group by 356.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,580,750 shares of the technology company’s stock worth $49,494,000 after purchasing an additional 1,234,092 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Match Group by 306.1% in the fourth quarter. First Trust Advisors LP now owns 1,431,403 shares of the technology company’s stock worth $44,817,000 after purchasing an additional 1,078,925 shares during the last quarter. Rathbone Brothers plc bought a new stake in shares of Match Group in the fourth quarter worth about $21,103,000. Finally, Two Sigma Advisers LP grew its stake in shares of Match Group by 55.4% in the fourth quarter. Two Sigma Advisers LP now owns 834,965 shares of the technology company’s stock worth $26,143,000 after purchasing an additional 297,718 shares during the last quarter. 23.50% of the stock is currently owned by institutional investors.

Shares of Match Group opened at $40.86 on Tuesday, MarketBeat.com reports. The stock has a market cap of $11.28 billion, a P/E ratio of 78.58, a PEG ratio of 2.79 and a beta of 0.28. Match Group has a 12 month low of $16.57 and a 12 month high of $48.65. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.36 and a current ratio of 1.36.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $407.40 million for the quarter, compared to the consensus estimate of $384.81 million. Match Group had a net margin of 29.86% and a return on equity of 39.06%. The firm’s revenue was up 36.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. equities analysts forecast that Match Group will post 1.17 EPS for the current year.

Several analysts recently issued reports on MTCH shares. TheStreet cut Match Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Zacks Investment Research cut Match Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. UBS raised Match Group from a “neutral” rating to a “buy” rating in a research note on Thursday, May 10th. BidaskClub raised Match Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 12th. Finally, Guggenheim cut Match Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 21st. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $38.63.

In related news, Director Ann Mcdaniel sold 5,676 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $40.09, for a total transaction of $227,550.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory R. Blatt sold 456,673 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $39.71, for a total transaction of $18,134,484.83. Following the transaction, the director now owns 2,504,859 shares in the company, valued at $99,467,950.89. The disclosure for this sale can be found here. Insiders have sold a total of 469,430 shares of company stock worth $18,644,851 over the last quarter. 18.10% of the stock is currently owned by insiders.

About Match Group

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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