Bank of New York Mellon Corp grew its position in Match Group Inc (NASDAQ:MTCH) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 494,739 shares of the technology company’s stock after acquiring an additional 27,161 shares during the period. Bank of New York Mellon Corp’s holdings in Match Group were worth $19,166,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MTCH. Whale Rock Capital Management LLC bought a new position in shares of Match Group in the first quarter valued at approximately $85,158,000. Global Thematic Partners LLC increased its holdings in shares of Match Group by 129.9% in the second quarter. Global Thematic Partners LLC now owns 954,599 shares of the technology company’s stock valued at $36,980,000 after purchasing an additional 539,427 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in shares of Match Group by 57.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,308,674 shares of the technology company’s stock valued at $50,698,000 after purchasing an additional 476,807 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Match Group by 99.5% in the first quarter. Northern Trust Corp now owns 617,413 shares of the technology company’s stock valued at $27,438,000 after purchasing an additional 307,975 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Match Group in the first quarter valued at approximately $13,683,000. Institutional investors own 22.59% of the company’s stock.

In other Match Group news, CFO Gary Swidler sold 105,611 shares of Match Group stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $49.57, for a total transaction of $5,235,137.27. Following the completion of the sale, the chief financial officer now owns 266,010 shares of the company’s stock, valued at approximately $13,186,115.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanda Ginsberg sold 106,850 shares of Match Group stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $49.37, for a total transaction of $5,275,184.50. Following the sale, the chief executive officer now directly owns 62,682 shares of the company’s stock, valued at approximately $3,094,610.34. The disclosure for this sale can be found here. Insiders have sold a total of 251,000 shares of company stock valued at $12,382,872 in the last ninety days. Company insiders own 7.00% of the company’s stock.

MTCH has been the subject of a number of research reports. ValuEngine raised shares of Match Group from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. Jefferies Financial Group raised shares of Match Group from a “hold” rating to a “buy” rating and raised their price target for the company from $40.00 to $50.00 in a report on Monday, June 11th. BidaskClub lowered shares of Match Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 27th. Wells Fargo & Co reissued a “hold” rating and issued a $41.00 price target on shares of Match Group in a report on Wednesday, August 8th. Finally, BMO Capital Markets raised their price target on shares of Match Group from $45.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $43.94.

MTCH opened at $59.21 on Monday. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.54 and a quick ratio of 1.54. Match Group Inc has a 52 week low of $22.78 and a 52 week high of $60.75. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 113.87, a price-to-earnings-growth ratio of 3.66 and a beta of 0.40.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, August 7th. The technology company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.10. Match Group had a net margin of 32.94% and a return on equity of 53.18%. The firm had revenue of $421.20 million during the quarter, compared to analyst estimates of $413.07 million. equities analysts expect that Match Group Inc will post 1.23 EPS for the current year.

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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