Empowered Funds LLC trimmed its holdings in shares of Match Group Inc (NASDAQ:MTCH) by 16.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 32,260 shares of the technology company’s stock after selling 6,137 shares during the period. Empowered Funds LLC’s holdings in Match Group were worth $1,916,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Northern Trust Corp lifted its position in Match Group by 99.5% in the first quarter. Northern Trust Corp now owns 617,413 shares of the technology company’s stock valued at $27,438,000 after purchasing an additional 307,975 shares during the period. BlackRock Inc. lifted its position in Match Group by 4.4% in the first quarter. BlackRock Inc. now owns 1,789,697 shares of the technology company’s stock valued at $79,536,000 after purchasing an additional 75,681 shares during the period. California Public Employees Retirement System lifted its position in Match Group by 66.4% in the first quarter. California Public Employees Retirement System now owns 29,126 shares of the technology company’s stock valued at $1,294,000 after purchasing an additional 11,626 shares during the period. Dimensional Fund Advisors LP lifted its position in Match Group by 9.1% in the first quarter. Dimensional Fund Advisors LP now owns 215,662 shares of the technology company’s stock valued at $9,584,000 after purchasing an additional 17,958 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Match Group in the first quarter valued at about $502,000. Institutional investors and hedge funds own 21.68% of the company’s stock.
In other Match Group news, CFO Gary Swidler sold 105,611 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $49.57, for a total value of $5,235,137.27. Following the completion of the transaction, the chief financial officer now owns 266,010 shares in the company, valued at approximately $13,186,115.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Jared F. Sine sold 27,343 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $48.51, for a total transaction of $1,326,408.93. Following the completion of the transaction, the general counsel now owns 65,022 shares of the company’s stock, valued at approximately $3,154,217.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 251,000 shares of company stock valued at $12,382,872. 7.00% of the stock is owned by insiders.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, November 6th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Match Group had a net margin of 21.24% and a return on equity of 64.07%. The firm had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $438.03 million. During the same quarter in the prior year, the firm earned $0.19 EPS. Match Group’s quarterly revenue was up 29.4% on a year-over-year basis. As a group, equities research analysts expect that Match Group Inc will post 1.26 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be given a $2.00 dividend. The ex-dividend date is Tuesday, December 4th.
MTCH has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Match Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Wells Fargo & Co reiterated a “hold” rating and issued a $41.00 price target on shares of Match Group in a report on Wednesday, August 8th. ValuEngine upgraded shares of Match Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. BMO Capital Markets boosted their price objective on shares of Match Group from $45.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, August 9th. Finally, Barclays boosted their price objective on shares of Match Group from $39.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 9th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Match Group presently has a consensus rating of “Buy” and an average price target of $49.82.
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Match Group 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.
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