Insider Selling: Match Group Inc (NASDAQ:MTCH) Insider Sells 24,641 Shares of Stock
Match Group Inc (NASDAQ:MTCH) insider Jared F. Sine sold 24,641 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $81.58, for a total value of $2,010,212.78. Following the completion of the sale, the insider now owns 39,649 shares in the company, valued at approximately $3,234,565.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
NASDAQ:MTCH opened at $84.51 on Friday. The firm has a market capitalization of $22.36 billion, a price-to-earnings ratio of 63.54, a price-to-earnings-growth ratio of 2.71 and a beta of 0.27. Match Group Inc has a twelve month low of $33.30 and a twelve month high of $95.32. The stock’s 50 day moving average price is $75.83 and its two-hundred day moving average price is $65.14. The company has a quick ratio of 1.13, a current ratio of 1.32 and a debt-to-equity ratio of 7.63.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The firm had revenue of $498.00 million for the quarter, compared to analyst estimates of $489.16 million. Match Group had a return on equity of 166.69% and a net margin of 26.51%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. As a group, analysts anticipate that Match Group Inc will post 1.77 earnings per share for the current year.
Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Match Group by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,319,263 shares of the technology company’s stock worth $425,097,000 after purchasing an additional 48,969 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Match Group by 8.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,469,837 shares of the technology company’s stock worth $373,207,000 after purchasing an additional 425,333 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Match Group by 30.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,821,900 shares of the technology company’s stock worth $189,829,000 after purchasing an additional 665,600 shares during the last quarter. Bank of America Corp DE increased its position in shares of Match Group by 24.5% during the 2nd quarter. Bank of America Corp DE now owns 1,187,742 shares of the technology company’s stock worth $79,899,000 after purchasing an additional 233,918 shares during the last quarter. Finally, Gladstone Capital Management LLP increased its position in shares of Match Group by 24.1% during the 2nd quarter. Gladstone Capital Management LLP now owns 1,041,364 shares of the technology company’s stock worth $70,053,000 after purchasing an additional 202,312 shares during the last quarter. 22.04% of the stock is currently owned by hedge funds and other institutional investors.
Match Group Company Profile
Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.
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