Macquarie Group Ltd. Buys 44,411 Shares of Match Group Inc (MTCH)

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Macquarie Group Ltd. lifted its stake in Match Group Inc (NASDAQ:MTCH) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,675,113 shares of the technology company’s stock after buying an additional 44,411 shares during the period. Macquarie Group Ltd.’s holdings in Match Group were worth $97,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. lifted its stake in Match Group by 265.6% during the third quarter. Point72 Asset Management L.P. now owns 153,700 shares of the technology company’s stock worth $8,901,000 after purchasing an additional 111,664 shares during the last quarter. Verition Fund Management LLC bought a new stake in Match Group during the third quarter worth $921,000. Paloma Partners Management Co lifted its stake in shares of Match Group by 61.7% in the 3rd quarter. Paloma Partners Management Co now owns 45,355 shares of the technology company’s stock valued at $2,627,000 after acquiring an additional 17,313 shares during the last quarter. Jefferies Group LLC lifted its stake in shares of Match Group by 67.8% in the 3rd quarter. Jefferies Group LLC now owns 21,489 shares of the technology company’s stock valued at $1,244,000 after acquiring an additional 8,683 shares during the last quarter. Finally, Capital Fund Management S.A. lifted its stake in shares of Match Group by 13.0% in the 3rd quarter. Capital Fund Management S.A. now owns 372,564 shares of the technology company’s stock valued at $21,575,000 after acquiring an additional 42,752 shares during the last quarter. Institutional investors and hedge funds own 23.30% of the company’s stock.

MTCH has been the subject of a number of research reports. BidaskClub cut Match Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Summit Insights started coverage on Match Group in a report on Tuesday, December 11th. They issued a “hold” rating for the company. Wells Fargo & Co restated a “hold” rating on shares of Match Group in a report on Thursday, November 8th. ValuEngine downgraded Match Group from a “buy” rating to a “hold” rating in a report on Friday, October 19th. Finally, Jefferies Financial Group increased their price objective on Match Group from $55.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.69.

MTCH stock opened at $41.95 on Wednesday. The stock has a market cap of $11.41 billion, a PE ratio of 80.67, a P/E/G ratio of 2.57 and a beta of 0.63. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.93. Match Group Inc has a 1 year low of $30.62 and a 1 year high of $60.95.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Match Group had a net margin of 21.24% and a return on equity of 60.95%. The business had revenue of $444.00 million for the quarter, compared to analysts’ expectations of $438.03 million. During the same quarter last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year. As a group, sell-side analysts expect that Match Group Inc will post 1.28 EPS for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be given a $2.00 dividend. The ex-dividend date is Tuesday, December 4th.

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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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