Sigma Planning Corp grew its position in shares of Match Group Inc (NASDAQ:MTCH) by 28.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,541 shares of the technology company’s stock after buying an additional 1,441 shares during the quarter. Sigma Planning Corp’s holdings in Match Group were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its holdings in Match Group by 18.7% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 28,260 shares of the technology company’s stock valued at $1,901,000 after acquiring an additional 4,444 shares during the period. Stevens Capital Management LP bought a new stake in Match Group during the 2nd quarter valued at $1,483,000. Tocqueville Asset Management L.P. raised its holdings in Match Group by 46.6% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 6,295 shares of the technology company’s stock valued at $423,000 after acquiring an additional 2,000 shares during the period. Janus Henderson Group PLC bought a new stake in Match Group during the 2nd quarter valued at $10,822,000. Finally, New England Investment & Retirement Group Inc. bought a new stake in Match Group during the 2nd quarter valued at $610,000. 22.23% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Jared F. Sine sold 24,641 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $81.58, for a total value of $2,010,212.78. Following the completion of the transaction, the insider now directly owns 39,649 shares in the company, valued at $3,234,565.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Philip D. Eigenmann sold 7,057 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $84.49, for a total transaction of $596,245.93. Following the completion of the transaction, the chief accounting officer now owns 13,133 shares of the company’s stock, valued at $1,109,607.17. The disclosure for this sale can be found here. Insiders have sold a total of 162,305 shares of company stock valued at $11,640,493 over the last 90 days. Company insiders own 3.00% of the company’s stock.

A number of equities research analysts have issued reports on MTCH shares. BidaskClub raised shares of Match Group from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Macquarie reissued an “outperform” rating and set a $92.00 target price (up previously from $74.00) on shares of Match Group in a report on Thursday, August 8th. Barclays reissued an “equal weight” rating and set a $88.00 target price (up previously from $66.00) on shares of Match Group in a report on Thursday, August 8th. Goldman Sachs Group raised shares of Match Group from a “sell” rating to a “neutral” rating and boosted their target price for the company from $48.00 to $66.00 in a report on Thursday, May 9th. Finally, Cowen set a $104.00 target price on shares of Match Group and gave the company a “buy” rating in a report on Wednesday, August 7th. Nine investment 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of $86.91.

Shares of MTCH traded up $1.40 during mid-day trading on Wednesday, reaching $84.57. 9,056 shares of the stock traded hands, compared to its average volume of 2,909,312. The firm has a fifty day moving average price of $77.12 and a 200 day moving average price of $65.57. The company has a market cap of $23.51 billion, a price-to-earnings ratio of 63.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.27. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 7.63. Match Group Inc has a 1 year low of $33.30 and a 1 year high of $95.32.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $498.00 million during the quarter, compared to analyst estimates of $489.16 million. Match Group had a net margin of 26.51% and a return on equity of 166.69%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS. On average, sell-side analysts anticipate that Match Group Inc will post 1.77 EPS for the current year.

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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