Emerald Advisers Inc. PA Buys New Holdings in Match Group, Inc. (MTCH)

Emerald Advisers Inc. PA bought a new position in shares of Match Group, Inc. (NASDAQ:MTCH) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 34,670 shares of the technology company’s stock, valued at approximately $804,000.

Several other hedge funds have also bought and sold shares of MTCH. Cubist Systematic Strategies LLC boosted its stake in Match Group by 499.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after purchasing an additional 5,333 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares during the period. Fox Run Management L.L.C. bought a new stake in Match Group in the 2nd quarter valued at $176,000. UBS Asset Management Americas Inc. bought a new stake in Match Group in the 1st quarter valued at $181,000. Finally, Public Employees Retirement System of Ohio boosted its stake in Match Group by 115.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,520 shares of the technology company’s stock valued at $183,000 after purchasing an additional 5,633 shares during the period. 19.95% of the stock is currently owned by institutional investors and hedge funds.

In other news, General Counsel Jared F. Sine sold 64,436 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total transaction of $1,318,360.56. Following the completion of the transaction, the general counsel now owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Sam Yagan sold 684,583 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $21.95, for a total value of $15,026,596.85. Following the transaction, the insider now directly owns 464,963 shares of the company’s stock, valued at approximately $10,205,937.85. The disclosure for this sale can be found here. Insiders have sold a total of 902,498 shares of company stock valued at $19,287,878 in the last three months. 18.10% of the stock is owned by insiders.

Several analysts recently issued reports on the company. Jefferies Group LLC restated a “buy” rating and issued a $28.00 price target on shares of Match Group in a research note on Saturday, September 30th. Zacks Investment Research downgraded Match Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Aegis boosted their price target on Match Group from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. BMO Capital Markets restated an “outperform” rating and issued a $30.00 price target (up from $21.00) on shares of Match Group in a research note on Friday, October 13th. Finally, UBS AG boosted their price target on Match Group from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $26.96.

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Shares of Match Group, Inc. (NASDAQ:MTCH) opened at $27.01 on Monday. The stock has a market cap of $7,082.35, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 3.38 and a beta of 0.68. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.83.

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

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