Axa cut its stake in Match Group Inc (NASDAQ:MTCH) by 59.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 21,917 shares of the technology company’s stock after selling 32,500 shares during the period. Axa’s holdings in Match Group were worth $1,269,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MTCH. Principal Financial Group Inc. raised its position in shares of Match Group by 9.2% in the 1st quarter. Principal Financial Group Inc. now owns 98,142 shares of the technology company’s stock worth $4,361,000 after acquiring an additional 8,306 shares in the last quarter. Aperio Group LLC grew its stake in Match Group by 17.4% during the 2nd quarter. Aperio Group LLC now owns 66,823 shares of the technology company’s stock worth $2,589,000 after buying an additional 9,928 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Match Group by 135.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 100,167 shares of the technology company’s stock worth $3,880,000 after buying an additional 57,557 shares during the last quarter. Alps Advisors Inc. grew its stake in Match Group by 88.1% during the 2nd quarter. Alps Advisors Inc. now owns 19,905 shares of the technology company’s stock worth $623,000 after buying an additional 9,322 shares during the last quarter. Finally, Smith Asset Management Group LP purchased a new position in Match Group during the 2nd quarter worth $8,786,000. Institutional investors and hedge funds own 23.50% of the company’s stock.
Match Group stock opened at $41.17 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.93. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 79.17, a PEG ratio of 2.41 and a beta of 0.63. Match Group Inc has a fifty-two week low of $28.28 and a fifty-two week high of $60.95.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business had revenue of $444.00 million for the quarter, compared to the consensus estimate of $438.03 million. Match Group had a return on equity of 60.95% and a net margin of 21.24%. The company’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. On average, research analysts forecast that Match Group Inc will post 1.28 earnings per share for the current year.
The company also recently declared a special dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, December 4th.
Several brokerages recently weighed in on MTCH. BidaskClub upgraded Match Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 15th. UBS Group boosted their target price on Match Group from $52.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Jefferies Financial Group boosted their target price on Match Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Aegis boosted their target price on Match Group from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, September 12th. Finally, Deutsche Bank boosted their target price on Match Group from $56.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $50.94.
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Match Group Company 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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