BlackRock Inc. raised its position in Match Group Inc (NASDAQ:MTCH) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,789,697 shares of the technology company’s stock after acquiring an additional 75,681 shares during the period. BlackRock Inc.’s holdings in Match Group were worth $79,536,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Match Group during the first quarter worth $103,000. Delpha Capital Management LLC acquired a new stake in shares of Match Group during the fourth quarter worth $138,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Match Group by 122.9% during the fourth 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 period. Pendal Group Ltd acquired a new stake in shares of Match Group during the first quarter worth $268,000. Finally, Amalgamated Bank acquired a new stake in shares of Match Group during the fourth quarter worth $229,000. Institutional investors own 23.77% of the company’s stock.
In related news, Director Ann Mcdaniel sold 4,351 shares of the business’s stock in a transaction on Friday, May 25th. The shares were sold at an average price of $41.85, for a total transaction of $182,089.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.00% of the company’s stock.
NASDAQ MTCH opened at $39.48 on Tuesday. The firm has a market cap of $10.73 billion, a P/E ratio of 75.92, a price-to-earnings-growth ratio of 2.65 and a beta of 0.18. Match Group Inc has a 1 year low of $17.07 and a 1 year high of $48.65. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.36 and a quick ratio of 1.36.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, May 8th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The company 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%. The firm’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. equities analysts predict that Match Group Inc will post 1.17 EPS for the current fiscal year.
Several equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Monday. TheStreet upgraded shares of Match Group from a “c” rating to a “b-” rating in a research note on Wednesday, May 9th. BMO Capital Markets lowered their price objective on shares of Match Group to $45.00 and set an “outperform” rating for the company in a research note on Thursday, May 10th. BidaskClub downgraded shares of Match Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 27th. Finally, Deutsche Bank lifted their price objective on shares of Match Group to $43.00 and gave the stock a “buy” rating in a research note on Friday, May 11th. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Match Group has a consensus rating of “Buy” and a consensus price target of $40.44.
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.
Want to see what other hedge funds are holding MTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Match Group Inc (NASDAQ:MTCH).
Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.