Schwab Charles Investment Management Inc. raised its position in Match Group Inc (NASDAQ:MTCH) by 28.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 184,402 shares of the technology company’s stock after buying an additional 40,519 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.07% of Match Group worth $5,774,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. increased its stake in Match Group by 2,627.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock valued at $117,000 after buying an additional 3,600 shares during the period. GSA Capital Partners LLP grew its stake in shares of Match Group by 48.3% during the 3rd quarter. GSA Capital Partners LLP now owns 22,147 shares of the technology company’s stock worth $514,000 after purchasing an additional 7,210 shares during the period. RWC Asset Management LLP acquired a new position in shares of Match Group during the 3rd quarter worth $3,479,000. Janney Montgomery Scott LLC acquired a new position in shares of Match Group during the 3rd quarter worth $226,000. Finally, Granahan Investment Management Inc. MA acquired a new position in shares of Match Group during the 3rd quarter worth $8,016,000. 21.96% of the stock is currently owned by institutional investors.
Match Group Inc (MTCH) opened at $45.43 on Wednesday. The stock has a market cap of $12,690.00 and a PE ratio of 29.50. Match Group Inc has a 1-year low of $15.42 and a 1-year high of $46.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.50.
In related news, CAO Philip D. Eigenmann sold 7,081 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $39.94, for a total value of $282,815.14. Following the transaction, the chief accounting officer now owns 12,500 shares in the company, valued at $499,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mcdaniel sold 5,676 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $40.09, for a total transaction of $227,550.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 721,437 shares of company stock worth $28,580,747. Insiders own 18.10% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. BidaskClub cut shares of Match Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Vetr cut shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price objective on the stock. in a research note on Monday, January 8th. Jefferies Group increased their price objective on shares of Match Group to $50.00 and gave the company a “buy” rating in a research note on Wednesday, March 7th. Finally, ValuEngine raised shares of Match Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Match Group has a consensus rating of “Buy” and an average target price of $39.32.
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.
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