Stevens Capital Management LP Invests $1.48 Million in Match Group Inc (NASDAQ:MTCH)

Stevens Capital Management LP acquired a new position in shares of Match Group Inc (NASDAQ:MTCH) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 22,044 shares of the technology company’s stock, valued at approximately $1,483,000.

Several other institutional investors also recently made changes to their positions in MTCH. Janus Henderson Group PLC acquired a new position in shares of Match Group during the second quarter worth about $10,822,000. Spark Investment Management LLC grew its position in shares of Match Group by 712.0% during the first quarter. Spark Investment Management LLC now owns 182,700 shares of the technology company’s stock worth $10,342,000 after buying an additional 160,200 shares in the last quarter. Strs Ohio grew its position in shares of Match Group by 3,203.5% during the second quarter. Strs Ohio now owns 127,680 shares of the technology company’s stock worth $8,589,000 after buying an additional 123,815 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Match Group during the first quarter worth about $5,739,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Match Group during the first quarter worth about $5,467,000. 22.04% of the stock is owned by institutional investors and hedge funds.

MTCH traded up $1.97 on Friday, reaching $84.44. The company’s stock had a trading volume of 34,562 shares, compared to its average volume of 2,874,940. The stock has a 50 day moving average of $75.51 and a two-hundred day moving average of $65.04. The company has a quick ratio of 1.13, a current ratio of 1.32 and a debt-to-equity ratio of 7.63. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 63.39, a P/E/G ratio of 2.74 and a beta of 0.27. Match Group Inc has a fifty-two week low of $33.30 and a fifty-two week high of $95.32.



Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. Match Group had a return on equity of 166.69% and a net margin of 26.51%. The company had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $489.16 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts anticipate that Match Group Inc will post 1.77 earnings per share for the current fiscal year.

In other Match Group news, insider Philip D. Eigenmann sold 4,328 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $70.87, for a total value of $306,725.36. Following the completion of the sale, the insider now owns 10,506 shares in the company, valued at $744,560.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ann Mcdaniel sold 6,400 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $70.26, for a total value of $449,664.00. Following the completion of the sale, the director now owns 9,578 shares of the company’s stock, valued at approximately $672,950.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,607 shares of company stock valued at $9,034,034. 3.00% of the stock is owned by company insiders.

A number of equities analysts have recently commented on the company. UBS Group downgraded Match Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $77.00 to $95.00 in a research report on Thursday, August 8th. Zacks Investment Research raised Match Group from a “hold” rating to a “strong-buy” rating and set a $78.00 price target for the company in a report on Wednesday, May 15th. SunTrust Banks upped their price target on Match Group from $62.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, August 8th. BMO Capital Markets upped their price target on Match Group from $74.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. Finally, Goldman Sachs Group raised Match Group from a “sell” rating to a “neutral” rating and upped their price target for the company from $48.00 to $66.00 in a report on Thursday, May 9th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $86.91.

About Match Group

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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