Schwab Charles Investment Management Inc. increased its stake in shares of Match Group Inc (NASDAQ:MTCH) by 20.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,883 shares of the technology company’s stock after purchasing an additional 24,018 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.05% of Match Group worth $3,337,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTCH. Light Street Capital Management LLC bought a new stake in shares of Match Group during the second quarter valued at approximately $39,974,000. Vanguard Group Inc. grew its stake in shares of Match Group by 34.8% during 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 grew its stake in shares of Match Group by 493.8% during 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. black and white Capital LP bought a new stake in shares of Match Group during the second quarter valued at approximately $13,209,000. Finally, Gladstone Capital Management LLP bought a new stake in shares of Match Group during the third quarter valued at approximately $13,962,000. 20.97% of the stock is currently owned by institutional investors and hedge funds.
Match Group Inc (NASDAQ MTCH) opened at $32.64 on Monday. Match Group Inc has a twelve month low of $15.42 and a twelve month high of $33.08. The firm has a market cap of $8,915.52, a P/E ratio of 21.91, a P/E/G ratio of 3.02 and a beta of 0.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share 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 business had revenue of $343.40 million during the quarter, compared to analyst estimates of $329.19 million. During the same quarter in the prior year, the company earned $0.23 earnings per share. The company’s quarterly revenue was up 19.4% on a year-over-year basis. equities analysts predict that Match Group Inc will post 0.62 EPS for the current fiscal year.
Several research firms have recently commented on MTCH. Cowen reissued an “outperform” rating and set a $28.00 price target (up from $22.00) on shares of Match Group in a research note on Friday, October 13th. BMO Capital Markets reissued an “outperform” rating and set a $30.00 price target (up from $21.00) on shares of Match Group in a research note on Friday, October 13th. UBS Group cut shares of Match Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $28.00 to $35.00 in a research note on Thursday, November 9th. Jefferies Group reissued a “buy” rating and set a $28.00 price target on shares of Match Group in a research note on Saturday, September 30th. Finally, CIBC reissued a “market perform” rating on shares of Match Group in a research note on Thursday, November 9th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.77.
In related news, Director Ann Mcdaniel sold 11,119 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 18.10% of the company’s stock.
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Match Group 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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