Scout Investments Inc. trimmed its stake in shares of Match Group (NASDAQ:MTCH) by 28.8% during the first quarter, HoldingsChannel.com reports. The fund owned 363,998 shares of the technology company’s stock after selling 146,993 shares during the period. Scout Investments Inc.’s holdings in Match Group were worth $16,176,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Match Group by 17.7% in the third quarter. Dimensional Fund Advisors LP now owns 187,898 shares of the technology company’s stock valued at $4,358,000 after purchasing an additional 28,238 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Match Group by 2,627.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock valued at $117,000 after purchasing an additional 3,600 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Match Group by 28.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 184,402 shares of the technology company’s stock valued at $5,774,000 after purchasing an additional 40,519 shares in the last quarter. IFP Advisors Inc grew its position in Match Group by 61.7% in the fourth quarter. IFP Advisors Inc now owns 6,912 shares of the technology company’s stock valued at $216,000 after purchasing an additional 2,638 shares in the last quarter. Finally, Rathbone Brothers plc bought a new position in Match Group in the fourth quarter valued at $21,103,000. Institutional investors and hedge funds own 23.50% of the company’s stock.
In related news, Director Ann Mcdaniel sold 5,676 shares of Match Group stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $40.09, for a total transaction of $227,550.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Philip D. Eigenmann sold 7,081 shares of Match Group stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $39.94, for a total transaction of $282,815.14. Following the sale, the chief accounting officer now directly owns 12,500 shares of the company’s stock, valued at approximately $499,250. The disclosure for this sale can be found here. Insiders have sold a total of 469,430 shares of company stock valued at $18,644,851 in the last ninety days. 18.10% of the stock is currently owned by insiders.
Shares of MTCH stock opened at $40.02 on Wednesday. The stock has a market cap of $11.32 billion, a P/E ratio of 76.96, a P/E/G ratio of 2.79 and a beta of 0.28. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.33. Match Group has a 52 week low of $16.57 and a 52 week high of $48.65.
Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, May 8th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $407.40 million during the quarter, compared to the consensus estimate of $384.81 million. Match Group had a net margin of 29.86% and a return on equity of 39.06%. Match Group’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. research analysts forecast that Match Group will post 1.17 EPS for the current year.
MTCH has been the subject of a number of analyst reports. TheStreet downgraded shares of Match Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Match Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. UBS raised shares of Match Group from a “neutral” rating to a “buy” rating in a research report on Thursday, May 10th. BidaskClub raised shares of Match Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 12th. Finally, Guggenheim downgraded shares of Match Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 21st. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.63.
Match Group Profile
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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