Ameriprise Financial Inc. lowered its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 383,077 shares of the technology company’s stock after selling 3,955 shares during the period. Ameriprise Financial Inc. owned 0.15% of Match Group worth $8,883,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of MTCH. Dimensional Fund Advisors LP raised its position in Match Group by 477.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 121,912 shares of the technology company’s stock worth $1,991,000 after buying an additional 100,793 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Match Group by 9.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 103,464 shares of the technology company’s stock worth $1,690,000 after buying an additional 9,357 shares during the last quarter. Sei Investments Co. raised its position in Match Group by 19,787.3% during the 2nd quarter. Sei Investments Co. now owns 130,262 shares of the technology company’s stock worth $2,263,000 after buying an additional 129,607 shares during the last quarter. Rhumbline Advisers raised its position in Match Group by 19.9% during the 2nd quarter. Rhumbline Advisers now owns 44,300 shares of the technology company’s stock worth $770,000 after buying an additional 7,359 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in Match Group by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 28,969 shares of the technology company’s stock worth $503,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 20.97% of the company’s stock.
A number of equities analysts have commented on the stock. Guggenheim upgraded shares of Match Group from a “neutral” rating to a “buy” rating in a research report on Tuesday. BidaskClub upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Evercore ISI assumed coverage on shares of Match Group in a research report on Tuesday, December 5th. They set an “outperform” rating and a $34.00 price objective for the company. Deutsche Bank restated a “buy” rating and set a $33.00 price objective on shares of Match Group in a research report on Wednesday, November 15th. Finally, Aegis upped their price objective on shares of Match Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.09.
Match Group, Inc. (NASDAQ:MTCH) opened at $31.91 on Friday. 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 cap of $8,720.00 and a PE ratio of 21.27. Match Group, Inc. has a twelve month low of $15.42 and a twelve month high of $32.87.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. analysts forecast that Match Group, Inc. will post 0.62 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.
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