Healthcare of Ontario Pension Plan Trust Fund Has $8.01 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)


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Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 16,725.4% in the 4th quarter, HoldingsChannel reports. The fund owned 53,000 shares of the technology company’s stock after buying an additional 52,685 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Match Group were worth $8,013,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MTCH. Jennison Associates LLC grew its position in Match Group by 34.1% in the 4th quarter. Jennison Associates LLC now owns 21,907,217 shares of the technology company’s stock valued at $3,312,152,000 after purchasing an additional 5,569,078 shares during the period. BlackRock Inc. grew its holdings in shares of Match Group by 10.0% during the fourth quarter. BlackRock Inc. now owns 15,558,294 shares of the technology company’s stock valued at $2,352,258,000 after buying an additional 1,416,793 shares during the last quarter. Morgan Stanley increased its position in shares of Match Group by 40.7% during the fourth quarter. Morgan Stanley now owns 3,505,543 shares of the technology company’s stock worth $530,004,000 after acquiring an additional 1,014,136 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Match Group by 34.5% in the 4th quarter. Brown Advisory Inc. now owns 3,750,002 shares of the technology company’s stock worth $566,962,000 after acquiring an additional 961,425 shares during the last quarter. Finally, Scopus Asset Management L.P. lifted its position in Match Group by 1,480.0% in the 3rd quarter. Scopus Asset Management L.P. now owns 862,500 shares of the technology company’s stock valued at $95,436,000 after acquiring an additional 925,000 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

In other news, Director Glenn Schiffman sold 25,000 shares of the company’s stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $147.74, for a total transaction of $3,693,500.00. Following the completion of the transaction, the director now directly owns 34,898 shares of the company’s stock, valued at $5,155,830.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph Levin sold 144,557 shares of the company’s stock in a transaction dated Thursday, February 25th. The shares were sold at an average price of $156.41, for a total transaction of $22,610,160.37. Following the transaction, the director now directly owns 180,174 shares of the company’s stock, valued at $28,181,015.34. The disclosure for this sale can be found here. Insiders sold a total of 219,557 shares of company stock worth $34,158,410 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Several analysts have recently commented on the company. Barclays increased their price objective on Match Group from $129.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 4th. Zacks Investment Research raised shares of Match Group from a “strong sell” rating to a “hold” rating and set a $151.00 price objective on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Match Group from $160.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, February 4th. Wells Fargo & Company upped their price objective on shares of Match Group from $140.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 28th. Finally, Cowen lifted their target price on shares of Match Group from $145.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, January 14th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.29.

Shares of NASDAQ:MTCH opened at $141.86 on Thursday. The firm has a market capitalization of $38.16 billion, a PE ratio of -214.94, a P/E/G ratio of 6.90 and a beta of 1.20. Match Group, Inc. has a twelve month low of $87.56 and a twelve month high of $174.68. The company has a 50-day moving average price of $149.53 and a two-hundred day moving average price of $139.67.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Monday, February 1st. The technology company reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. Match Group had a net margin of 2.43% and a return on equity of 32.15%. The company had revenue of $651.41 million for the quarter, compared to analysts’ expectations of $650.44 million. During the same period in the prior year, the company posted $0.45 EPS. Match Group’s revenue was up 19.1% compared to the same quarter last year. Sell-side analysts expect that Match Group, Inc. will post 2.04 EPS for the current year.

About Match Group

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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

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