TrimTabs Asset Management LLC decreased its holdings in Match Group Inc (NASDAQ:MTCH) by 26.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,925 shares of the technology company’s stock after selling 6,219 shares during the quarter. TrimTabs Asset Management LLC’s holdings in Match Group were worth $1,209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MTCH. Northern Oak Wealth Management Inc. purchased a new position in shares of Match Group in the second quarter valued at approximately $42,000. NEXT Financial Group Inc boosted its stake in shares of Match Group by 850.0% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the technology company’s stock valued at $64,000 after purchasing an additional 850 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Match Group in the second quarter valued at approximately $67,000. SG Americas Securities LLC purchased a new position in shares of Match Group in the first quarter valued at approximately $114,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Match Group in the second quarter valued at approximately $180,000. 22.81% of the stock is owned by institutional investors and hedge funds.

Match Group stock traded up $1.13 during trading on Wednesday, reaching $76.67. The stock had a trading volume of 378,843 shares, compared to its average volume of 1,939,113. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 7.63. Match Group Inc has a 52-week low of $33.30 and a 52-week high of $95.32. The business has a 50 day moving average price of $78.97 and a 200 day moving average price of $71.12. The stock has a market cap of $21.24 billion, a PE ratio of 57.65, a P/E/G ratio of 2.52 and a beta of 0.19.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Match Group had a net margin of 26.51% and a return on equity of 166.69%. The company had revenue of $498.00 million for the quarter, compared to analysts’ expectations of $489.16 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities analysts predict that Match Group Inc will post 1.77 EPS for the current fiscal year.

In other Match Group news, CAO Philip D. Eigenmann sold 7,057 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $84.49, for a total transaction of $596,245.93. Following the sale, the chief accounting officer now owns 13,133 shares of the company’s stock, valued at $1,109,607.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jared F. Sine sold 24,641 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $81.58, for a total transaction of $2,010,212.78. Following the sale, the insider now directly owns 39,649 shares in the company, valued at approximately $3,234,565.42. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

A number of research analysts recently issued reports on the stock. UBS Group downgraded shares of Match Group from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $77.00 to $95.00 in a research note on Thursday, August 8th. Cowen set a $104.00 price target on shares of Match Group and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Nomura upgraded shares of Match Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $81.00 to $88.00 in a research note on Monday. SunTrust Banks upgraded shares of Match Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $106.00 in a research note on Thursday, September 5th. Finally, Bank of America set a $102.00 price target on shares of Match Group and gave the stock a “buy” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.00.

Match Group Profile

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

Recommended Story: What are the most popular ETFs

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

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.