Keybank National Association OH cut its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 4.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,438 shares of the technology company’s stock after selling 557 shares during the period. Keybank National Association OH’s holdings in Match Group were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of MTCH. Amundi Pioneer Asset Management Inc. acquired a new stake in Match Group in the first quarter worth approximately $4,333,000. Advisor Group Holdings Inc. acquired a new stake in Match Group during the 1st quarter valued at $973,000. APG Asset Management N.V. acquired a new stake in Match Group during the 1st quarter valued at $2,021,000. State Street Corp raised its stake in Match Group by 3.6% during the 1st quarter. State Street Corp now owns 1,141,088 shares of the technology company’s stock valued at $75,357,000 after purchasing an additional 39,609 shares during the period. Finally, Alpha Windward LLC increased its stake in shares of Match Group by 1,210.7% in the second quarter. Alpha Windward LLC now owns 4,404 shares of the technology company’s stock worth $471,000 after acquiring an additional 4,068 shares during the last quarter. Institutional investors and hedge funds own 89.19% of the company’s stock.
In related news, Director Glenn Schiffman sold 50,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $110.07, for a total transaction of $5,503,500.00. Following the sale, the director now directly owns 59,898 shares in the company, valued at $6,592,972.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jared F. Sine sold 67,881 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $118.41, for a total transaction of $8,037,789.21. Following the sale, the insider now owns 37,119 shares in the company, valued at $4,395,260.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,799 shares of company stock worth $22,181,023. Insiders own 3.00% of the company’s stock.
Shares of NASDAQ MTCH opened at $128.69 on Thursday. The company’s fifty day moving average is $112.84 and its 200-day moving average is $100.18. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 559.55, a P/E/G ratio of 4.87 and a beta of 1.14. Match Group, Inc. has a twelve month low of $87.56 and a twelve month high of $129.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.05.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $555.45 million for the quarter, compared to analysts’ expectations of $533.75 million. Match Group had a net margin of 1.99% and a return on equity of 14.15%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. On average, research analysts anticipate that Match Group, Inc. will post 2.16 EPS for the current fiscal year.
MTCH has been the subject of a number of recent research reports. TheStreet cut shares of Match Group from a “b-” rating to a “c+” rating in a report on Monday, August 10th. Jefferies Financial Group upped their price objective on shares of Match Group from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley upped their price objective on shares of Match Group from $141.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Match Group from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, KeyCorp began coverage on shares of Match Group in a research report on Monday, September 14th. They issued an “overweight” rating and a $138.00 price target for the company. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Match Group has a consensus rating of “Buy” and an average price target of $113.79.
Match Group Profile
Match Group, Inc provides dating products worldwide. Its portfolio of brands include Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company is based in Dallas, Texas.
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