Scout Investments Inc. Sells 89,371 Shares of Match Group, Inc. (MTCH)
Scout Investments Inc. reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 10.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 733,895 shares of the technology company’s stock after selling 89,371 shares during the period. Scout Investments Inc. owned about 0.28% of Match Group worth $12,755,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Mutual of America Capital Management LLC boosted its position in shares of Match Group by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock valued at $114,000 after buying an additional 1,156 shares during the period. TLP Group LLC bought a new position in shares of Match Group during the first quarter valued at about $154,000. Private Advisor Group LLC bought a new position in shares of Match Group during the first quarter valued at about $174,000. Fox Run Management L.L.C. bought a new position in shares of Match Group during the second quarter valued at about $176,000. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Match Group during the first quarter valued at about $181,000. Hedge funds and other institutional investors own 19.05% of the company’s stock.
Shares of Match Group, Inc. (NASDAQ:MTCH) opened at 21.75 on Friday. The firm has a market cap of $5.70 billion, a PE ratio of 30.94 and a beta of 0.64. Match Group, Inc. has a 12-month low of $14.88 and a 12-month high of $22.59. The company has a 50 day moving average price of $18.89 and a 200-day moving average price of $18.01.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.03. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The company had revenue of $309.57 million for the quarter, compared to analyst estimates of $310.36 million. During the same quarter in the prior year, the business earned $0.17 EPS. Match Group’s revenue was up 12.4% compared to the same quarter last year. Analysts expect that Match Group, Inc. will post $0.88 EPS for the current year.
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MTCH has been the topic of several recent analyst reports. Vetr cut Match Group from a “buy” rating to a “hold” rating and set a $20.78 target price on the stock. in a research report on Tuesday, May 30th. Jefferies Group LLC boosted their target price on Match Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research cut Match Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Aegis boosted their target price on Match Group from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded Match Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.62.
In related news, Vice Chairman Sam Yagan sold 98,854 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $19.10, for a total transaction of $1,888,111.40. Following the transaction, the insider now owns 84,391 shares in the company, valued at $1,611,868.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 18.10% of the stock is owned by company insiders.
About Match Group
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.
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