CIBC World Markets Inc. Trims Position in Match Group Inc (MTCH)

CIBC World Markets Inc. trimmed its holdings in shares of Match Group Inc (NASDAQ:MTCH) by 34.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,925 shares of the technology company’s stock after selling 9,785 shares during the period. CIBC World Markets Inc.’s holdings in Match Group were worth $1,096,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MTCH. FMR LLC boosted its stake in Match Group by 33.0% in the 3rd quarter. FMR LLC now owns 1,800,357 shares of the technology company’s stock worth $104,258,000 after purchasing an additional 447,057 shares during the period. FIL Ltd boosted its stake in Match Group by 303.1% in the 3rd quarter. FIL Ltd now owns 1,073,520 shares of the technology company’s stock worth $62,167,000 after purchasing an additional 807,194 shares during the period. Ffcm LLC boosted its stake in Match Group by 5.7% in the 3rd quarter. Ffcm LLC now owns 23,872 shares of the technology company’s stock worth $1,382,000 after purchasing an additional 1,287 shares during the period. Bank of New York Mellon Corp boosted its stake in Match Group by 4.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 514,390 shares of the technology company’s stock worth $29,788,000 after purchasing an additional 19,651 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Match Group by 114.7% in the 3rd quarter. Janus Henderson Group PLC now owns 21,976 shares of the technology company’s stock worth $1,273,000 after purchasing an additional 11,738 shares during the period. Hedge funds and other institutional investors own 23.50% of the company’s stock.

A number of equities analysts recently commented on MTCH shares. BidaskClub raised shares of Match Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Wells Fargo & Co reiterated a “hold” rating and issued a $41.00 target price on shares of Match Group in a research report on Wednesday, August 8th. ValuEngine upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. BMO Capital Markets increased their target price on shares of Match Group from $45.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Finally, Barclays increased their target price on shares of Match Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 9th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Match Group has an average rating of “Buy” and a consensus target price of $50.94.

MTCH stock opened at $41.46 on Tuesday. Match Group Inc has a 12-month low of $27.59 and a 12-month high of $60.95. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 79.73, a P/E/G ratio of 2.52 and a beta of 0.66.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, November 6th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Match Group had a net margin of 21.24% and a return on equity of 60.95%. The company had revenue of $444.00 million during the quarter, compared to the consensus estimate of $438.03 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue was up 29.4% compared to the same quarter last year. On average, research analysts expect that Match Group Inc will post 1.28 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be given a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, December 4th.

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Match Group Profile

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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