Bluestein R H & Co. Takes $9.33 Million Position in Match Group, Inc. (MTCH)

Bluestein R H & Co. bought a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 402,492 shares of the technology company’s stock, valued at approximately $9,334,000. Bluestein R H & Co. owned approximately 0.15% of Match Group at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MTCH. Light Street Capital Management LLC purchased a new position in shares of Match Group during the 2nd quarter valued at approximately $39,974,000. Vanguard Group Inc. lifted its position 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 valued at $108,945,000 after buying an additional 1,617,950 shares in the last quarter. Mik Capital LLC purchased a new position in shares of Match Group during the 2nd quarter valued at approximately $23,043,000. Wells Fargo & Company MN lifted its position in shares of Match Group by 493.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,003,722 shares of the technology company’s stock valued at $23,276,000 after buying an additional 834,681 shares in the last quarter. Finally, black and white Capital LP purchased a new position in shares of Match Group during the 2nd quarter valued at approximately $13,209,000. Hedge funds and other institutional investors own 21.03% of the company’s stock.

In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.10% of the stock is owned by company insiders.

A number of brokerages have weighed in on MTCH. Cowen restated an “outperform” rating and issued a $28.00 price objective (up previously from $22.00) on shares of Match Group in a report on Friday, October 13th. Barclays raised their price objective on Match Group from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. Bank of America raised their price objective on Match Group from $21.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. CIBC restated a “market perform” rating on shares of Match Group in a report on Thursday, November 9th. Finally, UBS lowered Match Group from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $28.00 to $35.00 in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Match Group presently has an average rating of “Buy” and an average price target of $30.89.

Shares of Match Group, Inc. (NASDAQ MTCH) opened at $28.41 on Monday. Match Group, Inc. has a 52 week low of $15.42 and a 52 week high of $32.87. The stock has a market capitalization of $7,760.11, a price-to-earnings ratio of 48.15, a price-to-earnings-growth ratio of 3.61 and a beta of 0.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40.

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 analysts’ consensus estimates of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The company had revenue of $343.40 million during the quarter, compared to analyst estimates of $329.19 million. During the same period last year, the business earned $0.23 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. sell-side analysts anticipate that Match Group, Inc. will post 0.63 earnings per share for the current fiscal year.

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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.

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

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