Quantbot Technologies LP lessened its holdings in Match Group, Inc. (NASDAQ:MTCH) by 61.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,239 shares of the technology company’s stock after selling 17,957 shares during the quarter. Quantbot Technologies LP’s holdings in Match Group were worth $195,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MTCH. Mutual of America Capital Management LLC increased its holdings in Match Group by 19.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock worth $114,000 after buying an additional 1,156 shares during the period. Fox Run Management L.L.C. acquired a new position in Match Group in the 2nd quarter worth approximately $176,000. UBS Asset Management Americas Inc. acquired a new position in Match Group in the 1st quarter worth approximately $181,000. Cipher Capital LP acquired a new position in Match Group in the 2nd quarter worth approximately $209,000. Finally, Private Advisor Group LLC increased its holdings in Match Group by 17.3% in the 2nd quarter. Private Advisor Group LLC now owns 12,389 shares of the technology company’s stock worth $222,000 after buying an additional 1,828 shares during the period. Institutional investors own 18.97% of the company’s stock.

Shares of Match Group, Inc. (MTCH) opened at 25.22 on Friday. The stock’s 50 day moving average is $22.24 and its 200-day moving average is $19.19. The firm has a market cap of $6.61 billion, a PE ratio of 35.87 and a beta of 0.56. Match Group, Inc. has a 52 week low of $15.08 and a 52 week high of $25.52.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, August 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). The company had revenue of $309.57 million during the quarter, compared to analyst estimates of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. On average, equities analysts predict that Match Group, Inc. will post $0.79 EPS for the current fiscal year.

Several equities analysts recently weighed in on MTCH shares. Jefferies Group LLC increased their price target on shares of Match Group from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Match Group from a “strong sell” rating to a “hold” rating and set a $28.00 price target on the stock in a report on Wednesday. Vetr downgraded shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $19.42 price target on the stock. in a report on Monday, June 19th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $28.00 price target (up previously from $25.00) on shares of Match Group in a report on Wednesday. Finally, BidaskClub downgraded shares of Match Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Match Group presently has a consensus rating of “Buy” and an average target price of $23.19.

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In related news, Vice Chairman Sam Yagan sold 684,583 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $21.95, for a total transaction of $15,026,596.85. Following the transaction, the insider now owns 464,963 shares of the company’s stock, valued at $10,205,937.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Jared F. Sine sold 64,436 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total value of $1,318,360.56. Following the transaction, the general counsel now directly owns 64,436 shares in the company, valued at approximately $1,318,360.56. The disclosure for this sale can be found here. In the last three months, insiders sold 902,498 shares of company stock worth $19,287,878. Corporate insiders own 18.10% of the company’s stock.

Match Group Company Profile

Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.

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

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