Illinois Municipal Retirement Fund Sells 1,401 Shares of Match Group, Inc. (NASDAQ:MTCH)


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Illinois Municipal Retirement Fund lessened its holdings in Match Group, Inc. (NASDAQ:MTCH) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,611 shares of the technology company’s stock after selling 1,401 shares during the period. Illinois Municipal Retirement Fund’s holdings in Match Group were worth $3,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTCH. Jennison Associates LLC boosted its stake in Match Group by 34.1% during the fourth quarter. Jennison Associates LLC now owns 21,907,217 shares of the technology company’s stock worth $3,312,152,000 after buying an additional 5,569,078 shares during the period. Norges Bank purchased a new stake in Match Group in the fourth quarter worth about $344,796,000. BlackRock Inc. lifted its stake in Match Group by 10.0% in the fourth quarter. BlackRock Inc. now owns 15,558,294 shares of the technology company’s stock worth $2,352,258,000 after acquiring an additional 1,416,793 shares during the period. Morgan Stanley increased its holdings in Match Group by 40.7% in the 4th quarter. Morgan Stanley now owns 3,505,543 shares of the technology company’s stock worth $530,004,000 after buying an additional 1,014,136 shares during the period. Finally, Brown Advisory Inc. increased its holdings in Match Group by 34.5% in the 4th quarter. Brown Advisory Inc. now owns 3,750,002 shares of the technology company’s stock worth $566,962,000 after buying an additional 961,425 shares during the period. 94.67% of the stock is owned by institutional investors.

Shares of NASDAQ:MTCH opened at $148.44 on Tuesday. Match Group, Inc. has a 52-week low of $87.56 and a 52-week high of $174.68. The stock’s fifty day simple moving average is $146.35 and its 200-day simple moving average is $144.60. The company has a market capitalization of $39.93 billion, a P/E ratio of -224.91, a P/E/G ratio of 6.90 and a beta of 1.20.

Match Group (NASDAQ:MTCH) last released its earnings results on Monday, February 1st. The technology company reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $651.41 million during the quarter, compared to analyst estimates of $650.44 million. Match Group had a return on equity of 32.15% and a net margin of 2.43%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. Sell-side analysts forecast that Match Group, Inc. will post 2.04 EPS for the current year.

In other Match Group news, Director Joseph Levin sold 144,557 shares of the company’s stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $156.41, for a total transaction of $22,610,160.37. Following the completion of the sale, the director now directly owns 180,174 shares in the company, valued at $28,181,015.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Glenn Schiffman sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $168.10, for a total value of $4,202,500.00. Following the sale, the director now owns 34,898 shares of the company’s stock, valued at $5,866,353.80. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

MTCH has been the subject of several recent research reports. Cowen increased their price objective on Match Group from $145.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, January 14th. Citigroup lifted their price objective on Match Group from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 5th. Morgan Stanley lifted their price objective on Match Group from $157.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, January 15th. Susquehanna upgraded Match Group from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $150.00 to $165.00 in a research note on Thursday, February 4th. Finally, JPMorgan Chase & Co. raised Match Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $130.00 to $175.00 in a research report on Thursday, February 4th. Seven analysts have rated the stock with 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 target price of $146.64.

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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