AHL Partners LLP grew its position in Match Group, Inc. (NASDAQ:MTCH) by 63.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,035 shares of the technology company’s stock after buying an additional 17,845 shares during the quarter. AHL Partners LLP owned approximately 0.09% of Match Group worth $800,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. boosted its holdings in shares of Match Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 28,969 shares of the technology company’s stock worth $503,000 after purchasing an additional 75 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of Match Group by 0.9% during the second quarter. Suntrust Banks Inc. now owns 30,490 shares of the technology company’s stock worth $529,000 after purchasing an additional 263 shares during the period. Advisor Group Inc. boosted its holdings in shares of Match Group by 6.3% during the second quarter. Advisor Group Inc. now owns 13,699 shares of the technology company’s stock worth $238,000 after purchasing an additional 814 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Match Group by 17.3% during the second quarter. Private Advisor Group LLC now owns 12,389 shares of the technology company’s stock worth $222,000 after purchasing an additional 1,828 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Match Group by 17.0% during the second quarter. UBS Asset Management Americas Inc. now owns 12,987 shares of the technology company’s stock worth $226,000 after purchasing an additional 1,887 shares during the period. Institutional investors own 19.72% of the company’s stock.
Match Group, Inc. (NASDAQ MTCH) traded up 3.17% during trading on Friday, hitting $26.01. 1,720,569 shares of the stock were exchanged. Match Group, Inc. has a 1-year low of $15.08 and a 1-year high of $26.28. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 37.00 and a beta of 0.56. The firm’s 50 day moving average price is $24.36 and its 200-day moving average price is $20.14.
Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $309.57 million during the quarter, compared to analyst estimates of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. On average, analysts anticipate that Match Group, Inc. will post $0.80 EPS for the current year.
Several research firms recently commented on MTCH. Cowen and Company restated an “outperform” rating and set a $28.00 price target (up from $22.00) on shares of Match Group in a report on Friday, October 13th. Bank of America Corporation raised their price target on shares of Match Group from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Aegis lifted their target price on shares of Match Group from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Match Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Wells Fargo & Company reiterated a “buy” rating and issued a $29.00 target price (up from $21.00) on shares of Match Group in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $26.46.
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In other Match Group news, Vice Chairman Sam Yagan sold 684,583 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $21.95, for a total transaction of $15,026,596.85. Following the completion of the sale, the insider now owns 464,963 shares of the company’s stock, valued at approximately $10,205,937.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Jared F. Sine sold 64,436 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total value of $1,318,360.56. Following the sale, the general counsel now directly owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The disclosure for this sale can be found here. In the last three months, insiders sold 902,498 shares of company stock valued at $19,287,878. 18.10% of the stock is currently owned by insiders.
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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