Match Group, Inc. (MTCH) Position Lowered by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Match Group, Inc. (NASDAQ:MTCH) by 95.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,544 shares of the technology company’s stock after selling 458,047 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Match Group were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MTCH. Cubist Systematic Strategies LLC lifted its stake in Match Group by 499.8% in the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after buying an additional 5,333 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Match Group by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after buying an additional 519 shares during the period. Turner Investments LLC acquired a new position in Match Group in the third quarter valued at approximately $162,000. BNP Paribas Arbitrage SA lifted its stake in Match Group by 162.9% in the third quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock valued at $163,000 after buying an additional 4,359 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in Match Group by 115.3% in the second quarter. Public Employees Retirement System of Ohio now owns 10,520 shares of the technology company’s stock valued at $183,000 after buying an additional 5,633 shares during the period. 21.03% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Ann Mcdaniel sold 11,119 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total transaction of $340,463.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 18.10% of the company’s stock.

A number of equities analysts have recently weighed in on MTCH shares. Bank of America upped their target price on Match Group from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Jefferies Group reaffirmed a “buy” rating and set a $28.00 target price (up from $23.00) on shares of Match Group in a research report on Thursday, August 31st. Aegis upped their target price on Match Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. UBS upped their target price on Match Group from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, September 20th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $25.00 target price on shares of Match Group in a research report on Wednesday, October 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $30.89.

Shares of Match Group, Inc. (NASDAQ MTCH) opened at $28.33 on Wednesday. Match Group, Inc. has a 1-year low of $15.42 and a 1-year high of $32.87. The stock has a market capitalization of $7,708.21, a price-to-earnings ratio of 47.83, a P/E/G ratio of 3.58 and a beta of 0.77. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. During the same quarter last year, the company posted $0.23 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. analysts forecast that Match Group, Inc. will post 0.63 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://stocknewstimes.com/2017/12/06/match-group-inc-mtch-position-lowered-by-zurcher-kantonalbank-zurich-cantonalbank.html.

Match Group Company Profile

Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.

Want to see what other hedge funds are holding MTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Match Group, Inc. (NASDAQ:MTCH).

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

Receive News & Ratings for Match Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply