TimesSquare Capital Management LLC Buys Shares of 3,540 Match Group, Inc. (NASDAQ:MTCH)

TimesSquare Capital Management LLC acquired a new stake in Match Group, Inc. (NASDAQ:MTCH) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,540 shares of the technology company’s stock, valued at approximately $486,000.

Several other hedge funds have also recently bought and sold shares of MTCH. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Match Group in the 1st quarter valued at $4,333,000. CIBC Asset Management Inc raised its holdings in shares of Match Group by 117.7% in the 4th quarter. CIBC Asset Management Inc now owns 38,305 shares of the technology company’s stock valued at $5,791,000 after buying an additional 20,709 shares during the period. Camden Capital LLC purchased a new stake in Match Group during the 4th quarter worth about $360,000. Cambridge Investment Research Advisors Inc. increased its holdings in Match Group by 42.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 25,010 shares of the technology company’s stock worth $3,781,000 after purchasing an additional 7,493 shares during the period. Finally, National Asset Management Inc. increased its holdings in Match Group by 13.1% during the 4th quarter. National Asset Management Inc. now owns 9,126 shares of the technology company’s stock worth $1,381,000 after purchasing an additional 1,055 shares during the period. Hedge funds and other institutional investors own 96.15% of the company’s stock.

In other news, CAO Philip D. Eigenmann sold 10,861 shares of the firm’s stock in a transaction on Tuesday, May 11th. The stock was sold at an average price of $146.21, for a total transaction of $1,587,986.81. Following the sale, the chief accounting officer now owns 10,861 shares in the company, valued at $1,587,986.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mcdaniel sold 2,500 shares of the firm’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $138.82, for a total value of $347,050.00. Following the sale, the director now owns 10,169 shares in the company, valued at approximately $1,411,660.58. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on MTCH. Oppenheimer upped their price target on Match Group from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 6th. KeyCorp upped their price objective on Match Group from $165.00 to $172.00 and gave the stock an “overweight” rating in a research report on Thursday, May 6th. They noted that the move was a valuation call. BTIG Research raised Match Group from a “neutral” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Monday, April 12th. Finally, Zacks Investment Research raised Match Group from a “strong sell” rating to a “hold” rating and set a $151.00 price objective for the company in a research report on Tuesday, April 6th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Match Group has an average rating of “Buy” and an average target price of $153.15.

NASDAQ MTCH opened at $141.88 on Friday. Match Group, Inc. has a 1-year low of $87.56 and a 1-year high of $174.68. The stock has a market cap of $38.35 billion, a P/E ratio of 77.53, a P/E/G ratio of 6.40 and a beta of 1.13. The company has a 50 day moving average price of $144.23.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, May 4th. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.18. The firm had revenue of $667.61 million for the quarter, compared to analysts’ expectations of $650.74 million. Match Group had a negative return on equity of 39.56% and a net margin of 20.44%. Match Group’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. Equities research analysts forecast that Match Group, Inc. will post 2.11 EPS for the current year.

Match Group Profile

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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