Stone Ridge Asset Management LLC Takes $1.67 Million Position in Match Group Inc (NASDAQ:MTCH)

Stone Ridge Asset Management LLC acquired a new position in shares of Match Group Inc (NASDAQ:MTCH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 53,190 shares of the technology company’s stock, valued at approximately $1,665,000.

Several other institutional investors and hedge funds also recently modified their holdings of MTCH. Northern Trust Corp raised its position in shares of Match Group by 6.2% during the second quarter. Northern Trust Corp now owns 295,192 shares of the technology company’s stock worth $5,130,000 after acquiring an additional 17,341 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Match Group by 31.0% during the second quarter. Dimensional Fund Advisors LP now owns 159,660 shares of the technology company’s stock worth $2,775,000 after acquiring an additional 37,748 shares during the last quarter. State Street Corp raised its position in shares of Match Group by 3.1% during the second quarter. State Street Corp now owns 461,163 shares of the technology company’s stock worth $8,014,000 after acquiring an additional 13,918 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Match Group by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after acquiring an additional 519 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Match Group by 13.4% during the second quarter. California State Teachers Retirement System now owns 65,168 shares of the technology company’s stock worth $1,133,000 after acquiring an additional 7,700 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

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A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Match Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. UBS downgraded Match Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $46.79 to $35.00 in a report on Thursday, March 15th. Vetr downgraded Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 target price for the company. in a report on Monday, January 8th. Jefferies Group lifted their target price on Match Group to $50.00 and gave the stock a “buy” rating in a report on Wednesday, March 7th. Finally, ValuEngine upgraded Match Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Match Group currently has an average rating of “Buy” and a consensus price target of $39.32.

NASDAQ MTCH opened at $42.11 on Friday. The company has a market cap of $11,675.48, a PE ratio of 80.98, a PEG ratio of 3.28 and a beta of 0.29. Match Group Inc has a 52 week low of $16.54 and a 52 week high of $47.10. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.50.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The firm had revenue of $379.00 million for the quarter, compared to the consensus estimate of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 31.33%. The company’s revenue was up 28.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. equities analysts anticipate that Match Group Inc will post 1.04 earnings per share for the current fiscal year.

In other news, Director Gregory R. Blatt sold 456,673 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total transaction of $18,134,484.83. Following the completion of the sale, the director now owns 2,504,859 shares in the company, valued at $99,467,950.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Sharmistha Dubey sold 141,149 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.99, for a total value of $5,362,250.51. Following the sale, the president now owns 78,650 shares of the company’s stock, valued at approximately $2,987,913.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 721,437 shares of company stock valued at $28,580,747. Corporate insiders own 18.10% of the company’s stock.

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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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