Match Group, Inc. (MTCH) Shares Bought by Northern Trust Corp
Northern Trust Corp raised its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 295,192 shares of the technology company’s stock after acquiring an additional 17,341 shares during the quarter. Northern Trust Corp owned approximately 0.11% of Match Group worth $5,130,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MTCH. UBS Asset Management Americas Inc. bought a new position in Match Group during the 1st quarter valued at $181,000. Vanguard Group Inc. boosted 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 acquiring an additional 1,488,472 shares during the last quarter. Geode Capital Management LLC boosted its stake in Match Group by 9.1% during the 1st quarter. Geode Capital Management LLC now owns 331,432 shares of the technology company’s stock valued at $5,412,000 after acquiring an additional 27,783 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Match Group by 477.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 121,912 shares of the technology company’s stock valued at $1,991,000 after acquiring an additional 100,793 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Match Group by 375.3% during the 1st quarter. Morgan Stanley now owns 517,356 shares of the technology company’s stock valued at $8,448,000 after acquiring an additional 408,507 shares during the last quarter. Hedge funds and other institutional investors own 20.04% of the company’s stock.
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In related news, General Counsel Jared F. Sine sold 64,436 shares of Match Group stock in a transaction dated 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 approximately $1,318,360.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Sam Yagan sold 684,583 shares of Match Group stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $21.95, for a total transaction of $15,026,596.85. Following the completion of the sale, the insider now owns 464,963 shares in the company, valued at $10,205,937.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 847,873 shares of company stock worth $18,233,069. 18.10% of the stock is currently owned by insiders.
Shares of Match Group, Inc. (MTCH) opened at $28.82 on Friday. The firm has a market cap of $7,840.00 and a PE ratio of 49.81. Match Group, Inc. has a 52-week low of $15.42 and a 52-week high of $32.87. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $343.40 million during the quarter, compared to the consensus estimate of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. equities analysts predict that Match Group, Inc. will post 0.63 earnings per share for the current year.
A number of research analysts have commented on MTCH shares. BidaskClub downgraded shares of Match Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Aegis raised their price target on shares of Match Group from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Match Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 price target (up from $23.00) on shares of Match Group in a research report on Thursday, August 31st. Finally, BMO Capital Markets restated a “buy” rating and issued a $21.00 price target on shares of Match Group in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. Match Group currently has a consensus rating of “Buy” and a consensus target price of $30.89.
Match Group Company Profile
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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