Healthcare of Ontario Pension Plan Trust Fund Cuts Stake in Match Group, Inc. (NASDAQ:MTCH)

Healthcare of Ontario Pension Plan Trust Fund reduced its position in shares of Match Group, Inc. (NASDAQ:MTCHGet Rating) by 2.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,512 shares of the technology company’s stock after selling 653 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Match Group were worth $1,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Match Group by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock valued at $3,170,951,000 after buying an additional 500,418 shares during the last quarter. BlackRock Inc. raised its holdings in Match Group by 16.8% during the 1st quarter. BlackRock Inc. now owns 27,564,956 shares of the technology company’s stock valued at $2,997,413,000 after buying an additional 3,955,469 shares during the last quarter. Edgewood Management LLC raised its holdings in Match Group by 1.3% during the 1st quarter. Edgewood Management LLC now owns 16,721,962 shares of the technology company’s stock valued at $1,818,346,000 after buying an additional 216,992 shares during the last quarter. State Street Corp raised its holdings in Match Group by 0.5% during the 1st quarter. State Street Corp now owns 12,492,462 shares of the technology company’s stock valued at $1,358,430,000 after buying an additional 58,027 shares during the last quarter. Finally, Sands Capital Management LLC raised its holdings in Match Group by 3.3% during the 1st quarter. Sands Capital Management LLC now owns 7,404,306 shares of the technology company’s stock valued at $805,144,000 after buying an additional 239,292 shares during the last quarter. 94.43% of the stock is currently owned by institutional investors.

Match Group Stock Performance

Shares of MTCH stock opened at $48.27 on Friday. Match Group, Inc. has a one year low of $40.23 and a one year high of $141.40. The company’s 50-day moving average is $47.18 and its 200 day moving average is $61.85. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 146.28, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16.

Match Group (NASDAQ:MTCHGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The technology company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $809.55 million for the quarter, compared to analysts’ expectations of $793.03 million. Match Group had a net margin of 3.39% and a negative return on equity of 94.07%. As a group, research analysts predict that Match Group, Inc. will post 1.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on MTCH shares. Cowen decreased their price objective on shares of Match Group from $85.00 to $80.00 in a report on Thursday, November 3rd. Morgan Stanley decreased their price objective on shares of Match Group from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 11th. Stifel Nicolaus started coverage on shares of Match Group in a report on Wednesday, September 14th. They issued a “hold” rating and a $62.00 price objective for the company. Susquehanna Bancshares decreased their price objective on shares of Match Group from $100.00 to $85.00 and set a “positive” rating for the company in a report on Thursday, August 4th. Finally, Susquehanna decreased their price objective on shares of Match Group from $100.00 to $85.00 and set a “positive” rating for the company in a report on Thursday, August 4th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Match Group currently has an average rating of “Moderate Buy” and an average price target of $85.13.

Match Group Profile

(Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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

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