Keybank National Association OH lifted its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,367 shares of the technology company’s stock after buying an additional 3,710 shares during the quarter. Keybank National Association OH’s holdings in Match Group were worth $982,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in MTCH. Light Street Capital Management LLC acquired a new position in shares of Match Group during the 2nd quarter worth approximately $39,974,000. Vanguard Group Inc. raised its stake in shares of Match Group by 34.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock worth $108,945,000 after buying an additional 1,617,950 shares during the period. Mik Capital LLC acquired a new position in shares of Match Group during the 2nd quarter worth approximately $23,043,000. black and white Capital LP acquired a new position in shares of Match Group during the 2nd quarter worth approximately $13,209,000. Finally, First Manhattan Co. raised its stake in shares of Match Group by 18,454.2% during the 2nd quarter. First Manhattan Co. now owns 667,950 shares of the technology company’s stock worth $11,608,000 after buying an additional 664,350 shares during the period. 20.04% of the stock is owned by institutional investors and hedge funds.
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Several brokerages have recently weighed in on MTCH. UBS AG downgraded Match Group from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $28.00 to $35.00 in a research note on Thursday, November 9th. Citigroup Inc. reaffirmed a “buy” rating and set a $35.00 target price on shares of Match Group in a research note on Thursday, November 9th. Oppenheimer Holdings, Inc. downgraded Match Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Jefferies Group LLC increased their price objective on Match Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, CIBC reissued a “market perform” rating on shares of Match Group in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Match Group has an average rating of “Hold” and an average target price of $30.72.
Shares of Match Group, Inc. (MTCH) opened at $29.39 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $7,522.86, a price-to-earnings ratio of 48.63, a price-to-earnings-growth ratio of 3.64 and a beta of 0.68. Match Group, Inc. has a twelve month low of $15.42 and a twelve month high of $32.87.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. equities research analysts anticipate that Match Group, Inc. will post 0.63 earnings per share for the current year.
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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