Match Group, Inc. (NASDAQ:MTCH) Shares Acquired by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. increased its stake in Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 2.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,956 shares of the technology company’s stock after buying an additional 508 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in Match Group were worth $1,192,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new position in Match Group in the second quarter valued at about $30,000. Mine & Arao Wealth Creation & Management LLC. purchased a new position in shares of Match Group during the 3rd quarter valued at approximately $26,000. Parkside Financial Bank & Trust boosted its stake in shares of Match Group by 88.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 557 shares of the technology company’s stock valued at $26,000 after buying an additional 261 shares during the last quarter. CI Investments Inc. grew its position in shares of Match Group by 187.1% during the third quarter. CI Investments Inc. now owns 577 shares of the technology company’s stock worth $28,000 after buying an additional 376 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Match Group by 161.3% during the first quarter. Covestor Ltd now owns 742 shares of the technology company’s stock worth $81,000 after buying an additional 458 shares in the last quarter. Institutional investors and hedge funds own 93.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MTCH shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Match Group from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 2nd. Citigroup decreased their price target on shares of Match Group from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, February 2nd. Barclays raised shares of Match Group from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a research report on Tuesday. StockNews.com started coverage on shares of Match Group in a research report on Thursday. They set a “hold” rating for the company. Finally, Jefferies Financial Group lifted their price objective on shares of Match Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, January 24th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.13.

Insiders Place Their Bets

In other Match Group news, insider Jared F. Sine sold 7,110 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $41.27, for a total value of $293,429.70. Following the sale, the insider now directly owns 60,379 shares in the company, valued at $2,491,841.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Match Group Stock Up 0.3 %

Shares of NASDAQ MTCH opened at $36.62 on Friday. Match Group, Inc. has a fifty-two week low of $34.62 and a fifty-two week high of $114.36. The firm’s 50-day simple moving average is $44.84 and its 200 day simple moving average is $46.53. The stock has a market cap of $10.23 billion, a P/E ratio of 29.77, a P/E/G ratio of 0.60 and a beta of 1.34.

Match Group (NASDAQ:MTCH – Get Rating) last issued its quarterly earnings results on Wednesday, February 1st. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.17). Match Group had a negative return on equity of 146.76% and a net margin of 11.35%. The business had revenue of $786.15 million during the quarter, compared to the consensus estimate of $787.34 million. During the same quarter last year, the firm posted ($0.60) earnings per share. Match Group’s revenue was down 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Match Group, Inc. will post 2.1 earnings per share for the current fiscal year.

Match Group Profile

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Match Group, Inc engages in the provision of dating products. It operates under the brand name Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime. The company was founded on February 12, 2009 and is headquartered in Dallas, TX.