Cambridge Investment Research Advisors Inc. purchased a new position in shares of Match Group (NASDAQ:MTCH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,985 shares of the technology company’s stock, valued at approximately $313,000.
Several other institutional investors have also modified their holdings of MTCH. Public Employees Retirement Association of Colorado increased its holdings in shares of Match Group by 211.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after buying an additional 2,434 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Match Group by 2,627.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock worth $117,000 after buying an additional 3,600 shares during the last quarter. Delpha Capital Management LLC acquired a new stake in shares of Match Group during the 4th quarter worth $138,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Match Group by 122.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,462 shares of the technology company’s stock worth $140,000 after buying an additional 2,460 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of Match Group during the 4th quarter worth $209,000. 22.05% of the stock is currently owned by institutional investors.
Shares of NASDAQ MTCH opened at $46.16 on Tuesday. Match Group has a 12-month low of $16.57 and a 12-month high of $47.10. The firm has a market capitalization of $12,300.96, a P/E ratio of 88.77, a P/E/G ratio of 3.46 and a beta of 0.28. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.40 and a quick ratio of 1.40.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 31.33%. The company had revenue of $379.00 million during the quarter, compared to analyst estimates of $362.86 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter was up 28.5% on a year-over-year basis. analysts forecast that Match Group will post 1.04 earnings per share for the current year.
A number of research firms have recently commented on MTCH. UBS downgraded Match Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.79 to $35.00 in a report on Thursday, March 15th. Guggenheim downgraded Match Group from a “buy” rating to a “neutral” rating in a report on Wednesday, March 21st. Zacks Investment Research upgraded Match Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Saturday, March 10th. Wells Fargo downgraded Match Group from an “outperform” rating to a “market perform” rating in a report on Friday, March 9th. Finally, ValuEngine downgraded Match Group from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $39.32.
In other Match Group news, Director Ann Mcdaniel sold 5,676 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $40.09, for a total value of $227,550.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jared F. Sine sold 9,953 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $38.19, for a total transaction of $380,105.07. Following the completion of the transaction, the general counsel now directly owns 25,000 shares of the company’s stock, valued at $954,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 721,437 shares of company stock valued at $28,580,747. 18.10% of the stock is owned by insiders.
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About Match Group
Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
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