UBS Group AG Sells 39,381 Shares of Match Group Inc (MTCH)

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UBS Group AG cut its stake in shares of Match Group Inc (NASDAQ:MTCH) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,097 shares of the technology company’s stock after selling 39,381 shares during the quarter. UBS Group AG owned approximately 0.14% of Match Group worth $17,203,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MTCH. Schwab Charles Investment Management Inc. grew its holdings in shares of Match Group by 28.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 184,402 shares of the technology company’s stock valued at $5,774,000 after purchasing an additional 40,519 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Match Group by 12.6% during the fourth quarter. Victory Capital Management Inc. now owns 59,176 shares of the technology company’s stock valued at $1,853,000 after purchasing an additional 6,629 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Match Group by 5.1% during the fourth quarter. Aperio Group LLC now owns 32,506 shares of the technology company’s stock valued at $1,018,000 after purchasing an additional 1,566 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Match Group during the fourth quarter valued at approximately $423,000. Finally, California Public Employees Retirement System grew its holdings in shares of Match Group by 10.8% during the fourth quarter. California Public Employees Retirement System now owns 17,500 shares of the technology company’s stock valued at $548,000 after purchasing an additional 1,700 shares during the last quarter. 23.76% of the stock is owned by institutional investors.

Several equities analysts have recently commented on MTCH shares. Evercore ISI reaffirmed an “in-line” rating and set a $34.00 target price on shares of Match Group in a report on Wednesday, May 2nd. Bank of America lowered their target price on Match Group from $54.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, May 2nd. Zacks Investment Research raised Match Group from a “strong sell” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a report on Tuesday, May 15th. BidaskClub raised Match Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 19th. Finally, Wells Fargo & Co lowered Match Group from an “outperform” rating to a “market perform” rating in a report on Friday, March 9th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Match Group presently has a consensus rating of “Buy” and a consensus price target of $40.44.

MTCH opened at $43.69 on Friday. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 84.02, a PEG ratio of 2.93 and a beta of 0.15. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.36 and a quick ratio of 1.36. Match Group Inc has a 1-year low of $16.57 and a 1-year high of $48.65.

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

In other Match Group news, Director Ann Mcdaniel sold 4,351 shares of the company’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $41.85, for a total value of $182,089.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company’s stock.

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.

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

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