US Bancorp DE Sells 115,613 Shares of Match Group, Inc. (NASDAQ:MTCH)

US Bancorp DE decreased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 27.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,609 shares of the technology company’s stock after selling 115,613 shares during the period. US Bancorp DE owned 0.11% of Match Group worth $12,832,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Advisors Ltd. LLC bought a new stake in shares of Match Group during the 2nd quarter valued at about $28,000. Massmutual Trust Co. FSB ADV raised its stake in Match Group by 53.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 716 shares of the technology company’s stock worth $30,000 after buying an additional 248 shares during the period. Mine & Arao Wealth Creation & Management LLC. raised its stake in Match Group by 683.6% during the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 956 shares of the technology company’s stock worth $40,000 after buying an additional 834 shares during the period. AM Squared Ltd acquired a new position in Match Group during the 1st quarter worth approximately $46,000. Finally, Harbour Investments Inc. raised its stake in Match Group by 44.6% during the 1st quarter. Harbour Investments Inc. now owns 1,216 shares of the technology company’s stock worth $47,000 after buying an additional 375 shares during the period. Institutional investors own 93.56% of the company’s stock.

Insider Buying and Selling

In other news, Director Glenn Schiffman purchased 4,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were acquired at an average price of $29.11 per share, for a total transaction of $116,440.00. Following the completion of the transaction, the director now directly owns 22,243 shares of the company’s stock, valued at approximately $647,493.73. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 1,500 shares of company stock worth $58,315. Corporate insiders own 0.72% of the company’s stock.

Match Group Price Performance

Match Group stock opened at $32.43 on Friday. Match Group, Inc. has a one year low of $27.85 and a one year high of $54.60. The business has a fifty day moving average price of $36.36 and a 200-day moving average price of $39.66. The firm has a market capitalization of $8.81 billion, a P/E ratio of 18.32, a PEG ratio of 0.55 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, October 31st. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Match Group had a negative return on equity of 173.16% and a net margin of 15.42%. The company had revenue of $882.00 million for the quarter, compared to the consensus estimate of $879.85 million. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts expect that Match Group, Inc. will post 1.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on MTCH. BTIG Research raised Match Group from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday, August 2nd. Barclays dropped their price target on Match Group from $56.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. KeyCorp dropped their price target on Match Group from $60.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Bank of America assumed coverage on Match Group in a research note on Thursday, October 19th. They set a “buy” rating and a $52.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Match Group from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 13th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.50.

Match Group Company Profile

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