CIBC World Markets Inc. increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 870.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,559 shares of the technology company’s stock after buying an additional 38,175 shares during the quarter. CIBC World Markets Inc.’s holdings in Match Group were worth $6,434,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Flagship Harbor Advisors LLC lifted its position in shares of Match Group by 1.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 6,855 shares of the technology company’s stock worth $1,036,000 after buying an additional 90 shares during the last quarter. Insight Wealth Strategies LLC lifted its position in shares of Match Group by 1.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 5,041 shares of the technology company’s stock worth $762,000 after buying an additional 92 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Match Group by 15.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 766 shares of the technology company’s stock worth $116,000 after buying an additional 102 shares during the last quarter. Creative Financial Designs Inc. ADV bought a new stake in shares of Match Group during the 4th quarter worth $28,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Match Group during the 4th quarter worth $28,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

In other news, Director Glenn Schiffman sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $168.10, for a total value of $4,202,500.00. Following the transaction, the director now owns 34,898 shares in the company, valued at $5,866,353.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Mcinerney sold 12,325 shares of the firm’s stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $142.11, for a total value of $1,751,505.75. Following the completion of the transaction, the director now owns 338,612 shares in the company, valued at approximately $48,120,151.32. The disclosure for this sale can be found here. Insiders sold 112,325 shares of company stock valued at $17,131,256 in the last three months. Insiders own 3.00% of the company’s stock.

Shares of Match Group stock opened at $156.71 on Tuesday. Match Group, Inc. has a 52 week low of $87.56 and a 52 week high of $174.68. The stock has a 50 day moving average price of $152.56 and a two-hundred day moving average price of $131.63. The stock has a market capitalization of $41.68 billion, a PE ratio of -237.44, a price-to-earnings-growth ratio of 6.90 and a beta of 1.20.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Monday, February 1st. The technology company reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. Match Group had a return on equity of 32.15% and a net margin of 2.43%. The firm had revenue of $651.41 million during the quarter, compared to analysts’ expectations of $650.44 million. During the same quarter last year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, analysts expect that Match Group, Inc. will post 2.04 earnings per share for the current fiscal year.

MTCH has been the subject of several research reports. UBS Group increased their target price on Match Group from $110.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday, November 6th. Susquehanna Bancshares upgraded Match Group from a “neutral” rating to a “positive” rating and increased their target price for the company from $150.00 to $165.00 in a research report on Thursday, February 4th. Susquehanna upgraded Match Group from a “neutral” rating to a “positive” rating and increased their target price for the company from $150.00 to $165.00 in a research report on Thursday, February 4th. Truist increased their target price on Match Group from $150.00 to $155.00 in a research report on Thursday, February 4th. Finally, Cowen increased their target price on Match Group from $145.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, January 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Match Group presently has an average rating of “Buy” and a consensus target price of $144.33.

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

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