Public Employees Retirement System of Ohio Cuts Stock Position in Match Group Inc (NASDAQ:MTCH)
Public Employees Retirement System of Ohio lowered its holdings in Match Group Inc (NASDAQ:MTCH) by 36.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,608 shares of the technology company’s stock after selling 28,767 shares during the period. Public Employees Retirement System of Ohio’s holdings in Match Group were worth $3,544,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Parametric Portfolio Associates LLC raised its stake in shares of Match Group by 4.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 79,971 shares of the technology company’s stock worth $5,380,000 after purchasing an additional 3,090 shares during the period. Cabot Wealth Management Inc. purchased a new stake in shares of Match Group during the 3rd quarter worth approximately $1,680,000. Bank of America Corp DE increased its stake 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. Sawtooth Solutions LLC bought a new stake in shares of Match Group in the 2nd quarter worth approximately $251,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Match Group in the 2nd quarter worth approximately $10,822,000. Hedge funds and other institutional investors own 24.86% of the company’s stock.
Several brokerages have weighed in on MTCH. Zacks Investment Research lowered Match Group from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Tuesday, November 12th. Bank of America set a $102.00 target price on Match Group and gave the company a “buy” rating in a research note on Thursday, September 26th. Nomura dropped their price target on Match Group from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. ValuEngine downgraded Match Group from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. Finally, Oppenheimer raised Match Group from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Match Group currently has a consensus rating of “Buy” and a consensus price target of $87.44.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 5th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $541.50 million during the quarter, compared to the consensus estimate of $540.73 million. Match Group had a return on equity of 293.15% and a net margin of 26.41%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Equities analysts predict that Match Group Inc will post 1.84 EPS for the current fiscal year.
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.
Further Reading: What is the quiet period?
Want to see what other hedge funds are holding MTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Match Group Inc (NASDAQ:MTCH).
Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.