Private Advisor Group LLC Has $1.40 Million Holdings in Match Group Inc (MTCH)

Private Advisor Group LLC raised its position in Match Group Inc (NASDAQ:MTCH) by 264.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,242 shares of the technology company’s stock after purchasing an additional 17,587 shares during the quarter. Private Advisor Group LLC’s holdings in Match Group were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Match Group in the second quarter valued at approximately $111,000. Valeo Financial Advisors LLC acquired a new stake in shares of Match Group in the second quarter valued at approximately $150,000. HighPoint Advisor Group LLC acquired a new stake in shares of Match Group in the third quarter valued at approximately $189,000. Financial Architects Inc increased its stake in shares of Match Group by 410.3% in the second quarter. Financial Architects Inc now owns 3,649 shares of the technology company’s stock valued at $141,000 after purchasing an additional 2,934 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Match Group by 48.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock valued at $158,000 after purchasing an additional 1,336 shares during the period. Institutional investors own 22.16% of the company’s stock.

Several equities research analysts have commented on the stock. ValuEngine upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. BidaskClub lowered shares of Match Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Nomura initiated coverage on shares of Match Group in a research note on Thursday, October 11th. They set a “buy” rating and a $66.00 price objective on the stock. Wells Fargo & Co reiterated a “hold” rating and set a $41.00 price objective on shares of Match Group in a research note on Wednesday, August 8th. Finally, Deutsche Bank raised their price objective on shares of Match Group from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Match Group has a consensus rating of “Buy” and a consensus target price of $50.94.

In related news, CFO Gary Swidler sold 105,611 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $49.57, for a total transaction of $5,235,137.27. Following the completion of the sale, the chief financial officer now directly owns 266,010 shares in the company, valued at $13,186,115.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Jared F. Sine sold 27,343 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $48.51, for a total transaction of $1,326,408.93. Following the sale, the general counsel now owns 65,022 shares of the company’s stock, valued at $3,154,217.22. The disclosure for this sale can be found here. Insiders have sold 144,150 shares of company stock valued at $7,107,687 over the last 90 days. 7.00% of the stock is currently owned by insiders.

Shares of NASDAQ:MTCH opened at $40.17 on Thursday. The company has a market cap of $11.34 billion, a P/E ratio of 77.25, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74. Match Group Inc has a 1-year low of $27.59 and a 1-year high of $60.95. The company has a quick ratio of 1.54, a current ratio of 1.63 and a debt-to-equity ratio of 1.93.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 6th. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $438.03 million. Match Group had a net margin of 21.24% and a return on equity of 60.95%. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. As a group, sell-side analysts anticipate that Match Group Inc will post 1.28 EPS for the current year.

The firm also recently announced a special dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, December 4th.

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About Match Group

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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

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