Pacer Advisors Inc. Has $55.74 Million Stock Holdings in Match Group Inc. $MTCH

Pacer Advisors Inc. reduced its position in shares of Match Group Inc. (NASDAQ:MTCH) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,815,149 shares of the technology company’s stock after selling 12,435 shares during the period. Pacer Advisors Inc.’s holdings in Match Group were worth $55,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in Match Group by 1,163.7% during the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after buying an additional 5,652,174 shares during the period. Norges Bank bought a new stake in Match Group during the 4th quarter worth approximately $112,641,000. State Street Corp increased its position in Match Group by 14.6% in the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock valued at $680,826,000 after acquiring an additional 2,461,025 shares during the period. Renaissance Technologies LLC increased its holdings in Match Group by 196.6% in the first quarter. Renaissance Technologies LLC now owns 3,194,368 shares of the technology company’s stock valued at $98,099,000 after purchasing an additional 2,117,414 shares during the period. Finally, Quantinno Capital Management LP raised its position in Match Group by 156.1% during the 1st quarter. Quantinno Capital Management LP now owns 2,767,251 shares of the technology company’s stock worth $84,982,000 after purchasing an additional 1,686,887 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Match Group

In related news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the transaction, the director directly owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This trade represents a 24.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is owned by insiders.

Match Group Stock Performance

Shares of MTCH opened at $40.54 on Tuesday. The firm has a market capitalization of $9.46 billion, a P/E ratio of 15.47, a P/E/G ratio of 0.63 and a beta of 1.30. The stock has a 50 day moving average price of $37.16 and a two-hundred day moving average price of $34.23. Match Group Inc. has a 52 week low of $28.81 and a 52 week high of $41.03.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The business had revenue of $863.93 million during the quarter, compared to the consensus estimate of $854.70 million. Match Group had a net margin of 18.83% and a negative return on equity of 307.45%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. On average, equities analysts forecast that Match Group Inc. will post 3.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Morgan Stanley lifted their target price on Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Match Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Match Group in a research note on Wednesday, May 6th. Piper Sandler set a $51.00 target price on shares of Match Group in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.29.

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.