Envestnet Asset Management Inc. raised its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 40.7% in the 3rd quarter, according to the company in its most latest 13F filing with the Securities and Exchange Commission. The rigid possessed 7,354 shares of the technology company’s stock after acquiring an extra Two,129 shares during the period. Envestnet Asset Management Inc.’s holdings in Match Group were worth $172,000 at the end of the most latest quarter.
A number of other hedge funds and other institutional investors have also made switches to their positions in the business. Suntrust Banks Inc. lifted its stake in shares of Match Group by 0.9% in the 2nd quarter. Suntrust Banks Inc. now wields 30,490 shares of the technology company’s stock valued at $529,000 after purchasing an extra 263 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now possesses 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an extra 519 shares during the period. Advisor Group Inc. lifted its stake in shares of Match Group by 6.3% in the 2nd quarter. Advisor Group Inc. now possesses 13,699 shares of the technology company’s stock valued at $238,000 after purchasing an extra 814 shares during the period. Private Advisor Group LLC lifted its stake in shares of Match Group by 17.3% in the 2nd quarter. Private Advisor Group LLC now possesses 12,389 shares of the technology company’s stock valued at $222,000 after purchasing an extra 1,828 shares during the period. Eventually, UBS Asset Management Americas Inc. lifted its stake in shares of Match Group by 17.0% in the 2nd quarter. UBS Asset Management Americas Inc. now possesses 12,987 shares of the technology company’s stock valued at $226,000 after purchasing an extra 1,887 shares during the period. Institutional investors and hedge funds own 20.97% of the company’s stock.
In other news, Director Ann Mcdaniel sold 11,119 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the Securities &, Exchange Commission, which is accessible through this hyperlink. Legitimate.10% of the stock is presently wielded by insiders.
Shares of Match Group, Inc. (NASDAQ MTCH) opened at $31.59 on Thursday. The company has a market cap of $8,716.12, a price-to-earnings ratio of 21.20, a P/E/G ratio of Four.13 and a beta of 0.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of Two.40. Match Group, Inc. has a 1-year low of $15.42 and a 1-year high of $32.87.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.Nineteen EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $329.Nineteen million. Match Group had a comeback on equity of 31.18% and a net margin of 34.06%. Match Group’s revenue was up Nineteen.4% compared to the same quarter last year. During the same period in the previous year, the rock hard posted $0.23 EPS. analysts expect that Match Group, Inc. will post 0.62 earnings per share for the current year.
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Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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