Pacer Advisors Inc. reduced its stake in shares of Match Group Inc. (NASDAQ:MTCH – Free Report) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,815,149 shares of the technology company’s stock after selling 12,435 shares during the quarter. Pacer Advisors Inc. owned 0.78% of Match Group worth $55,743,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Bessemer Group Inc. lifted its position in Match Group by 3.1% during the first quarter. Bessemer Group Inc. now owns 10,327 shares of the technology company’s stock worth $317,000 after purchasing an additional 311 shares during the period. Bollard Group LLC grew its stake in Match Group by 0.6% during the first quarter. Bollard Group LLC now owns 52,928 shares of the technology company’s stock worth $1,625,000 after buying an additional 322 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Match Group by 8.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock valued at $133,000 after buying an additional 326 shares during the period. Parkside Financial Bank & Trust increased its holdings in Match Group by 53.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after buying an additional 356 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its position in shares of Match Group by 9.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 5,034 shares of the technology company’s stock valued at $163,000 after buying an additional 421 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.
Insider Buying and Selling
In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the sale, the director owned 16,218 shares in the company, valued at $582,874.92. This trade represents a 24.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.71% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Match Group Trading Up 2.9%
MTCH stock opened at $40.54 on Tuesday. The stock has a market capitalization of $9.46 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 0.63 and a beta of 1.30. Match Group Inc. has a 12 month low of $28.81 and a 12 month high of $41.03. The firm has a 50-day moving average price of $37.16 and a 200-day moving average price of $34.23.
Match Group (NASDAQ:MTCH – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $863.93 million for the quarter, compared to the consensus estimate of $854.70 million. Match Group had a net margin of 18.83% and a negative return on equity of 307.45%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. As a group, equities analysts predict that Match Group Inc. will post 3.11 EPS for the current fiscal year.
Match Group Company Profile
Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.
Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.
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