Private Advisor Group LLC lifted its holdings in Match Group, Inc. (NASDAQ:MTCH) by 122.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,539 shares of the technology company’s stock after purchasing an additional 15,150 shares during the quarter. Private Advisor Group LLC’s holdings in Match Group were worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of MTCH. Light Street Capital Management LLC purchased a new position in shares of Match Group in the second quarter worth $39,974,000. Vanguard Group Inc. raised its stake in shares of Match Group by 34.8% in the second quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock worth $108,945,000 after purchasing an additional 1,617,950 shares during the last quarter. Mik Capital LLC purchased a new position in shares of Match Group in the second quarter worth $23,043,000. Wells Fargo & Company MN raised its stake in shares of 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 worth $23,276,000 after purchasing an additional 834,681 shares during the last quarter. Finally, black and white Capital LP purchased a new position in shares of Match Group in the second quarter worth $13,209,000. Hedge funds and other institutional investors own 21.03% of the company’s stock.
In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was 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 Securities & Exchange Commission, which is available at this link. Insiders own 18.10% of the company’s stock.
Shares of Match Group, Inc. (NASDAQ MTCH) opened at $29.38 on Friday. Match Group, Inc. has a fifty-two week low of $15.42 and a fifty-two week high of $32.87. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $8,153.44, a PE ratio of 50.59, a price-to-earnings-growth ratio of 3.79 and a beta of 0.77.
Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). Match Group had a net margin of 34.06% and a return on equity of 31.18%. The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. During the same period in the prior year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts expect that Match Group, Inc. will post 0.63 EPS for the current fiscal year.
Several research analysts have recently weighed in on the company. Cowen restated an “outperform” rating and issued a $28.00 price target (up previously from $22.00) on shares of Match Group in a research note on Friday, October 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 price objective (up previously from $21.00) on shares of Match Group in a report on Friday, October 13th. UBS lowered Match Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $28.00 to $35.00 in a report on Thursday, November 9th. Jefferies Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Match Group in a report on Saturday, September 30th. Finally, CIBC reaffirmed a “market perform” rating on shares of Match Group in a report on Thursday, November 9th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $31.09.
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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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