Rhumbline Advisers lessened its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,439 shares of the technology company’s stock after selling 1,861 shares during the period. Rhumbline Advisers’ holdings in Match Group were worth $984,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cubist Systematic Strategies LLC lifted its holdings in shares of Match Group by 499.8% during the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock worth $111,000 after purchasing an additional 5,333 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Match Group by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after purchasing an additional 519 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Match Group by 162.9% during the third quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock worth $163,000 after purchasing an additional 4,359 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Match Group by 115.3% during the second quarter. Public Employees Retirement System of Ohio now owns 10,520 shares of the technology company’s stock worth $183,000 after purchasing an additional 5,633 shares during the period. Finally, Cipher Capital LP acquired a new position in shares of Match Group during the second quarter worth $209,000. Institutional investors own 21.04% of the company’s stock.

In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.62, for a total value of $340,463.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 18.10% of the company’s stock.

Shares of Match Group, Inc. (NASDAQ:MTCH) opened at $28.60 on Thursday. Match Group, Inc. has a 52 week low of $15.42 and a 52 week high of $32.87. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40. The firm has a market cap of $7,810.00 and a price-to-earnings ratio of 49.03.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). Match Group had a net margin of 34.06% and a return on equity of 31.18%. The company had revenue of $343.40 million during the quarter, compared to the consensus estimate of $329.19 million. During the same period last year, the firm posted $0.23 earnings per share. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts predict that Match Group, Inc. will post 0.62 EPS for the current year.

MTCH has been the topic of several recent analyst reports. Jefferies Group restated a “buy” rating and issued a $28.00 target price (up previously from $23.00) on shares of Match Group in a report on Thursday, August 31st. BMO Capital Markets restated a “buy” rating and issued a $21.00 target price on shares of Match Group in a report on Wednesday, September 13th. UBS boosted their target price on shares of Match Group from $22.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Match Group from a “strong sell” rating to a “hold” rating and set a $28.00 target price on the stock in a report on Wednesday, October 4th. Finally, Citigroup boosted their target price on shares of Match Group from $22.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Match Group presently has a consensus rating of “Buy” and a consensus target price of $31.09.

COPYRIGHT VIOLATION NOTICE: “Rhumbline Advisers Sells 1,861 Shares of Match Group, Inc. (MTCH)” was published by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/12/14/rhumbline-advisers-sells-1861-shares-of-match-group-inc-mtch.html.

About Match Group

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.

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

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