Match Group, Inc. (MTCH) Holdings Cut by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. lowered its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 14.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 206,400 shares of the technology company’s stock after selling 36,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.08% of Match Group worth $3,587,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Alps Advisors Inc. boosted its position in Match Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 28,969 shares of the technology company’s stock worth $503,000 after purchasing an additional 75 shares during the period. Keybank National Association OH lifted its holdings in shares of Match Group by 0.7% during the first quarter. Keybank National Association OH now owns 38,657 shares of the technology company’s stock worth $631,000 after buying an additional 259 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Match Group by 0.8% during the first quarter. TD Asset Management Inc. now owns 104,000 shares of the technology company’s stock worth $1,698,000 after buying an additional 806 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Match Group by 19.9% during the first quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock worth $114,000 after buying an additional 1,156 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Match Group by 6.0% during the fourth quarter. Teachers Advisors LLC now owns 27,445 shares of the technology company’s stock worth $469,000 after buying an additional 1,562 shares during the last quarter. 19.05% of the stock is owned by hedge funds and other institutional investors.
Match Group, Inc. (NASDAQ:MTCH) traded up 3.02% during trading on Friday, hitting $23.55. The stock had a trading volume of 1,532,939 shares. The stock has a market capitalization of $6.18 billion, a P/E ratio of 33.50 and a beta of 0.53. The company has a 50-day moving average of $20.19 and a 200-day moving average of $18.44. Match Group, Inc. has a 52 week low of $15.08 and a 52 week high of $24.05.
Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). The firm had revenue of $309.57 million for the quarter, compared to analysts’ expectations of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. On average, equities analysts expect that Match Group, Inc. will post $0.79 earnings per share for the current fiscal year.
In other Match Group news, Vice Chairman Sam Yagan sold 98,854 shares of Match Group stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $19.10, for a total transaction of $1,888,111.40. Following the sale, the insider now directly owns 84,391 shares of the company’s stock, valued at approximately $1,611,868.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jared F. Sine sold 64,436 shares of Match Group stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total value of $1,318,360.56. Following the sale, the general counsel now directly owns 64,436 shares in the company, valued at $1,318,360.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 902,498 shares of company stock worth $19,287,878. Company insiders own 18.10% of the company’s stock.
MTCH has been the subject of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and issued a $28.00 target price (up from $23.00) on shares of Match Group in a research note on Thursday, August 31st. Vetr lowered Match Group from a “strong-buy” rating to a “buy” rating and set a $19.42 price objective for the company. in a research note on Monday, June 19th. BMO Capital Markets reiterated a “buy” rating and set a $21.00 price objective on shares of Match Group in a research note on Wednesday. BidaskClub cut Match Group from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research upgraded Match Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.04.
About Match Group
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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