Massachusetts Financial Services Co. MA Raises Holdings in Match Group (MTCH)

Massachusetts Financial Services Co. MA lifted its stake in shares of Match Group (NASDAQ:MTCH) by 229.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,241 shares of the technology company’s stock after purchasing an additional 247,987 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.13% of Match Group worth $15,831,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Match Group during the first quarter worth approximately $103,000. Public Employees Retirement Association of Colorado raised its position in Match Group by 211.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after acquiring an additional 2,434 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Match Group by 2,627.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock worth $117,000 after acquiring an additional 3,600 shares in the last quarter. Delpha Capital Management LLC purchased a new position in Match Group in the fourth quarter worth $138,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Match Group by 122.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,462 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,460 shares in the last quarter. Institutional investors and hedge funds own 22.36% of the company’s stock.

Match Group opened at $40.75 on Friday, MarketBeat reports. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 78.37, a PEG ratio of 2.76 and a beta of 0.28. Match Group has a fifty-two week low of $16.57 and a fifty-two week high of $48.65.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, May 8th. The technology company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $407.40 million for the quarter, compared to analyst estimates of $384.81 million. Match Group had a return on equity of 39.06% and a net margin of 29.86%. Match Group’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. equities analysts predict that Match Group will post 1.17 EPS for the current year.

Several research firms have issued reports on MTCH. BidaskClub upgraded Match Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 19th. UBS cut Match Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $46.79 to $35.00 in a research report on Thursday, March 15th. Guggenheim cut Match Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 21st. Zacks Investment Research upgraded Match Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Saturday, March 10th. Finally, Wells Fargo cut Match Group from an “outperform” rating to a “market perform” rating in a research report on Friday, March 9th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $38.63.

In other Match Group news, CAO Philip D. Eigenmann sold 7,081 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $39.94, for a total value of $282,815.14. Following the sale, the chief accounting officer now owns 12,500 shares of the company’s stock, valued at $499,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory R. Blatt sold 456,673 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $18,134,484.83. Following the completion of the sale, the director now directly owns 2,504,859 shares in the company, valued at approximately $99,467,950.89. The disclosure for this sale can be found here. Insiders sold 469,430 shares of company stock worth $18,644,851 in the last three months. 18.10% of the stock is owned by corporate insiders.

Match Group Company Profile

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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

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