Schwab Charles Investment Management Inc. Has $3.34 Million Stake in Match Group Inc (NASDAQ:MTCH)

Schwab Charles Investment Management Inc. lifted its holdings in shares of Match Group Inc (NASDAQ:MTCH) by 20.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,883 shares of the technology company’s stock after buying an additional 24,018 shares during the period. Schwab Charles Investment Management Inc. owned about 0.05% of Match Group worth $3,337,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC grew its position in shares of Match Group by 499.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after buying an additional 5,333 shares during the last quarter. Turner Investments LLC bought a new stake in shares of Match Group in the 3rd quarter valued at about $162,000. BNP Paribas Arbitrage SA grew its position in shares of Match Group by 162.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock valued at $163,000 after buying an additional 4,359 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after buying an additional 519 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in shares of Match Group during the 3rd quarter valued at about $207,000. 20.97% of the stock is owned by institutional investors.

In related news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction on 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. 18.10% of the stock is currently owned by company insiders.

Match Group Inc (MTCH) opened at $32.60 on Monday. Match Group Inc has a twelve month low of $15.42 and a twelve month high of $33.08. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $8,904.59, a price-to-earnings ratio of 21.88, a PEG ratio of 3.02 and a beta of 0.76.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data 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). The business had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. Match Group’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. research analysts anticipate that Match Group Inc will post 0.62 EPS for the current fiscal year.

Several research analysts have issued reports on MTCH shares. Vetr lowered Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price target on the stock. in a report on Monday. Cowen reiterated an “outperform” rating and issued a $28.00 price target (up previously from $22.00) on shares of Match Group in a report on Friday, October 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 price target (up previously from $21.00) on shares of Match Group in a report on Friday, October 13th. UBS Group downgraded Match Group from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $28.00 to $35.00 in a research note on Thursday, November 9th. Finally, Jefferies Group reissued a “buy” rating and issued a $28.00 price objective on shares of Match Group in a research note on Saturday, September 30th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Match Group currently has an average rating of “Buy” and a consensus price target of $32.77.

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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.

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

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