Squarepoint Ops LLC Invests $8.66 Million in Match Group Inc (NASDAQ:MTCH)

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Squarepoint Ops LLC acquired a new position in shares of Match Group Inc (NASDAQ:MTCH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 121,221 shares of the technology company’s stock, valued at approximately $8,660,000.

Several other large investors have also recently made changes to their positions in MTCH. Coastal Investment Advisors Inc. boosted its stake in Match Group by 57.9% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 409 shares of the technology company’s stock valued at $29,000 after buying an additional 150 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Match Group by 71.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 600 shares of the technology company’s stock worth $43,000 after acquiring an additional 250 shares during the last quarter. Northern Oak Wealth Management Inc. bought a new stake in shares of Match Group during the second quarter worth $42,000. Shine Investment Advisory Services Inc. bought a new stake in shares of Match Group during the third quarter worth $60,000. Finally, NEXT Financial Group Inc grew its stake in shares of Match Group by 850.0% during the second quarter. NEXT Financial Group Inc now owns 950 shares of the technology company’s stock worth $64,000 after purchasing an additional 850 shares during the period. 24.86% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on MTCH. Barclays reduced their price objective on Match Group from $88.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Macquarie reaffirmed an “outperform” rating and set a $92.00 price objective (up from $74.00) on shares of Match Group in a research report on Thursday, August 8th. Bank of America set a $102.00 target price on Match Group and gave the stock a “buy” rating in a report on Thursday, September 26th. SunTrust Banks dropped their price objective on Match Group to $96.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Zacks Investment Research lowered Match Group from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Match Group currently has a consensus rating of “Buy” and a consensus price target of $87.44.

NASDAQ:MTCH opened at $70.48 on Monday. The firm has a market capitalization of $19.81 billion, a price-to-earnings ratio of 52.99, a P/E/G ratio of 2.37 and a beta of 0.15. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 7.04. Match Group Inc has a 12-month low of $37.00 and a 12-month high of $95.32. The stock’s 50 day moving average price is $71.65 and its two-hundred day moving average price is $74.31.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, November 5th. The technology company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. The company had revenue of $541.50 million for the quarter, compared to analyst estimates of $540.73 million. Match Group had a return on equity of 293.15% and a net margin of 26.41%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. Equities research analysts expect that Match Group Inc will post 1.84 EPS for the current year.

Match Group Company Profile

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

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

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