FNY Investment Advisers LLC acquired a new stake in shares of Match Group, Inc. (NASDAQ:MTCH – Rating Receive) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,387 shares of the technology company’s stock, valued at approximately $140,000.
→ Unusual passive income investment (found on a golf course) (From the Oxford Club)
A number of other institutional investors have also recently bought and sold shares of MTCH. Edgewood Management LLC boosted its holdings in Match Group by 18.5% in the third quarter. Edgewood Management LLC now owns 18,394,460 shares of the technology company’s stock valued at $878,335,000 after buying an additional 2,868,749 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Match Group by 350.4% in the third quarter. Neuberger Berman Group LLC now owns 1,169,724 shares of the technology company’s stock valued at $55,854,000 after buying an additional 910,029 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Match Group by 5.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,248,442 shares of the technology company’s stock valued at $1,132,353,000 after purchasing an additional 827,025 shares in the last quarter. Point72 Asset Management LP boosted its stake in shares of Match Group by 263.4% in the third quarter. Point72 Asset Management LP now owns 1,055,587 shares of the technology company’s stock valued at $50,404,000 after purchasing an additional 765,087 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Match Group by 2.2% in the third quarter. BlackRock Inc. now owns 32,902,663 shares of the technology company’s stock valued at $1,571,102,000 after acquiring an additional 692,911 shares in the last quarter. Institutional investors and hedge funds own 93.53% of the company’s shares.
Analysts set new price targets
A number of brokerages have recently commented on MTCH. UBS Group began coverage on Match Group in a report on Thursday, December 8th. They set a “neutral” rating and a $46.00 target price on the stock. StockNews.com began coverage on shares of Match Group in a research note on Thursday. They issued a “hold” rating on the company. Jefferies Financial Group boosted their price objective on shares of Match Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, January 24th. Barclays raised Match Group from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a research report on Tuesday. Finally, Needham & Company LLC assumed coverage on Match Group in a research report on Tuesday, January 3rd. They issued a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Moderate Buy” and an average price target of $72.13, according to MarketBeat.com.
Group price performance comparison
Shares of Match Group stock traded down $0.35 during trading on Friday, reaching $36.27. 898,997 shares of the company’s stock traded hands, compared to its average volume of 4,176,189. Match Group, Inc. has a twelve month low of $34.62 and a twelve month high of $114.36. The firm’s fifty-day moving average is $44.84, and its 200-day moving average is $46.53. The company has a market cap of $10.13 billion, a PE ratio of 29.77, a PEG ratio of 0.64 and a beta of 1.34.
Match Group (NASDAQ:MTCH – Get Rating ) last posted its earnings results on Wednesday, February 1st. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). Match Group has a negative return on equity of 146.76% and a net margin of 11.35%. The company had revenue of $786.15 million during the quarter, compared to analyst estimates of $787.34 million. During the same period last year, the company posted ($0.60) earnings per share. The company’s quarterly revenue was down 2.5% year over year. As a group, equities research analysts expect that Match Group, Inc. will report 2.1 earnings per share for the current year.
Internal activity
In other news, insider Jared F. Sinn sold 7,110 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $41.27, for a total value of $293,429.70. Following the sale, the insider now owns 60,379 shares in the company, valued at approximately $2,491,841.33. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. 1.10% of shares are owned by corporate insiders.
Group profile match
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Match Group, Inc is in the business of providing dating products. It operates under the brands Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish and OurTime. The company was founded on February 12, 2009 and is headquartered in Dallas, Texas.
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