Virginia Retirement Systems ET AL lessened its stake in shares of Match Group Inc (NASDAQ:MTCH) by 48.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 11,500 shares of the technology company’s stock after selling 10,600 shares during the period. Virginia Retirement Systems ET AL’s holdings in Match Group were worth $666,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in shares of Match Group by 12.3% in the second quarter. CIBC Asset Management Inc now owns 9,612 shares of the technology company’s stock worth $372,000 after acquiring an additional 1,056 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Match Group by 48.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,336 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Match Group by 38.3% in the second quarter. State of Wisconsin Investment Board now owns 10,143 shares of the technology company’s stock worth $393,000 after acquiring an additional 2,810 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Match Group by 38.2% in the second quarter. Janus Henderson Group PLC now owns 10,238 shares of the technology company’s stock worth $397,000 after acquiring an additional 2,828 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Match Group in the second quarter worth about $111,000. 23.33% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Gary Swidler sold 105,611 shares of the stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $49.57, for a total transaction of $5,235,137.27. Following the completion of the transaction, the chief financial officer now directly owns 266,010 shares of the company’s stock, valued at $13,186,115.70. The sale was disclosed in a filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on the company. Barclays upped their price objective on Match Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 9th. Zacks Investment Research lowered Match Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 14th. ValuEngine raised Match Group from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. BidaskClub raised Match Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Wells Fargo & Co upped their price objective on Match Group from $41.00 to $47.00 and gave the stock a “market perform” rating in a research note on Thursday, August 9th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.94.

Shares of Match Group stock opened at $36.26 on Tuesday. Match Group Inc has a 12 month low of $27.59 and a 12 month high of $60.95. The company has a market cap of $11.12 billion, a P/E ratio of 69.73, a PEG ratio of 2.51 and a beta of 0.74. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.63 and a quick ratio of 1.63.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Match Group had a return on equity of 60.95% and a net margin of 21.24%. The company had revenue of $444.00 million during the quarter, compared to analyst estimates of $438.03 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up 29.4% on a year-over-year basis. Research analysts predict that Match Group Inc will post 1.28 earnings per share for the current year.

The company also recently declared a special dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, December 4th.

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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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