Avitas Wealth Management LLC acquired a new position in Match Group Inc (NASDAQ:MTCH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,459 shares of the technology company’s stock, valued at approximately $548,000.
A number of other institutional investors have also added to or reduced their stakes in MTCH. Rhumbline Advisers raised its holdings in Match Group by 31.1% during the 2nd quarter. Rhumbline Advisers now owns 60,248 shares of the technology company’s stock worth $2,334,000 after buying an additional 14,296 shares during the period. Bank of New York Mellon Corp boosted its position in Match Group by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 494,739 shares of the technology company’s stock worth $19,166,000 after purchasing an additional 27,161 shares during the period. Strs Ohio bought a new stake in Match Group during the second quarter worth approximately $195,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Match Group by 8.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 209,463 shares of the technology company’s stock worth $8,115,000 after buying an additional 15,526 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Match Group by 12.3% during the second quarter. CIBC Asset Management Inc now owns 9,612 shares of the technology company’s stock worth $372,000 after buying an additional 1,056 shares during the last quarter. 23.25% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on the company. BidaskClub lowered Match Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Summit Insights began coverage on Match Group in a research note on Tuesday, December 11th. They set a “hold” rating for the company. Wells Fargo & Co restated a “hold” rating on shares of Match Group in a report on Thursday, November 8th. ValuEngine cut Match Group from a “buy” rating to a “hold” rating in a report on Friday, October 19th. Finally, Jefferies Financial Group raised their price target on Match Group from $55.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Match Group has a consensus rating of “Buy” and a consensus target price of $50.69.
MTCH stock traded down $0.35 during midday trading on Friday, reaching $44.69. 1,308,600 shares of the stock were exchanged, compared to its average volume of 1,793,203. Match Group Inc has a 52 week low of $30.85 and a 52 week high of $60.95. The firm has a market capitalization of $12.52 billion, a P/E ratio of 85.94, a P/E/G ratio of 1.93 and a beta of 0.25. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.93.
Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, November 6th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $444.00 million for the quarter, compared to analyst estimates of $438.03 million. Match Group had a return on equity of 60.95% and a net margin of 21.24%. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. As a group, equities research analysts expect that Match Group Inc will post 1.28 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, December 4th.
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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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