New York State Common Retirement Fund boosted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,142 shares of the technology company’s stock after purchasing an additional 7,155 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Match Group worth $3,861,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MTCH. Swiss National Bank raised its stake in Match Group by 7.1% during the 1st quarter. Swiss National Bank now owns 73,600 shares of the technology company’s stock valued at $1,202,000 after purchasing an additional 4,900 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in Match Group during the 1st quarter valued at $181,000. Parametric Portfolio Associates LLC raised its stake in Match Group by 127.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 79,455 shares of the technology company’s stock valued at $1,298,000 after purchasing an additional 44,553 shares during the last quarter. Stifel Financial Corp raised its stake in Match Group by 23.5% during the 1st quarter. Stifel Financial Corp now owns 35,570 shares of the technology company’s stock valued at $580,000 after purchasing an additional 6,770 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Match Group by 47.1% during the 1st quarter. Vanguard Group Inc. now owns 4,650,419 shares of the technology company’s stock valued at $75,941,000 after purchasing an additional 1,488,472 shares during the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MTCH has been the subject of several research analyst reports. BidaskClub cut shares of Match Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price (up from $23.00) on shares of Match Group in a research note on Thursday, August 31st. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Bank of America Corporation upped their target price on shares of Match Group from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $21.00 target price on shares of Match Group in a research note on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Match Group presently has an average rating of “Buy” and an average target price of $25.80.

In other news, General Counsel Jared F. Sine sold 64,436 shares of Match Group stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total transaction of $1,318,360.56. Following the completion of the sale, the general counsel now owns 64,436 shares of the company’s stock, valued at $1,318,360.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Sam Yagan sold 684,583 shares of Match Group stock in a transaction on Friday, September 1st. The stock was sold at an average price of $21.95, for a total value of $15,026,596.85. Following the sale, the insider now directly owns 464,963 shares of the company’s stock, valued at approximately $10,205,937.85. The disclosure for this sale can be found here. Insiders have sold 902,498 shares of company stock valued at $19,287,878 in the last three months. Insiders own 18.10% of the company’s stock.

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Shares of Match Group, Inc. (MTCH) opened at 25.52 on Thursday. The firm has a 50-day moving average of $23.96 and a 200 day moving average of $19.82. Match Group, Inc. has a one year low of $15.08 and a one year high of $26.24. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 36.30 and a beta of 0.56.

Match Group (NASDAQ:MTCH) last posted its 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). Match Group had a return on equity of 34.49% and a net margin of 16.21%. The firm had revenue of $309.57 million for the quarter, compared to analyst estimates of $310.36 million. During the same period in the prior year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that Match Group, Inc. will post $0.80 EPS for the current year.

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.

Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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