Blair William & Co. IL Buys New Stake in Match Group Inc. (MTCH)
Blair William & Co. IL bought a new position in shares of Match Group Inc. (NASDAQ:MTCH) during the second quarter, Holdings Channel reports. The fund bought 18,975 shares of the company’s stock, valued at approximately $286,000.
A number of other large investors have also recently bought and sold shares of MTCH. Envestnet Asset Management Inc. boosted its stake in Match Group by 73.8% in the first quarter. Envestnet Asset Management Inc. now owns 11,840 shares of the company’s stock worth $131,000 after buying an additional 5,026 shares during the last quarter. Invictus RG bought a new position in Match Group during the first quarter worth about $152,000. Pacad Investment Ltd. bought a new position in Match Group during the first quarter worth about $153,000. Alpine Partners VI LLC bought a new position in Match Group during the first quarter worth about $177,000. Finally, Osmium Partners LLC bought a new position in Match Group during the first quarter worth about $243,000. 15.80% of the stock is owned by institutional investors.
Match Group Inc. (NASDAQ:MTCH) traded up 0.77% during mid-day trading on Friday, reaching $15.79. 837,353 shares of the company traded hands. The firm has a market capitalization of $3.97 billion and a price-to-earnings ratio of 33.24. The stock’s 50 day moving average price is $15.78 and its 200 day moving average price is $13.79. Match Group Inc. has a 52 week low of $8.41 and a 52 week high of $17.00.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $301.12 million for the quarter, compared to analyst estimates of $295.12 million. The company’s revenue was up 21.0% on a year-over-year basis. Equities analysts forecast that Match Group Inc. will post $0.73 EPS for the current year.
A number of research analysts have issued reports on the stock. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Match Group in a report on Monday, August 29th. Axiom Securities reaffirmed a “buy” rating on shares of Match Group in a report on Monday, August 22nd. Zacks Investment Research cut shares of Match Group from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Deutsche Bank AG raised their price target on shares of Match Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. raised shares of Match Group from a “neutral” rating to an “overweight” rating and set a $19.00 price target for the company in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Match Group has an average rating of “Hold” and an average target price of $16.15.
In other news, insider Amarnath Thombre sold 44,385 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $16.01, for a total transaction of $710,603.85. Following the completion of the sale, the insider now owns 23,452 shares in the company, valued at approximately $375,466.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey Dawson sold 227,415 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $15.56, for a total transaction of $3,538,577.40. Following the sale, the chief financial officer now owns 151,514 shares of the company’s stock, valued at approximately $2,357,557.84. The disclosure for this sale can be found here. Company insiders own 19.90% of the company’s stock.
About Match Group
Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services.
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