Tandem Capital Management Corp ADV Buys 114 Shares of Match Group, Inc. (NASDAQ:MTCH)

Tandem Capital Management Corp ADV grew its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,545 shares of the technology company’s stock after buying an additional 114 shares during the period. Tandem Capital Management Corp ADV’s holdings in Match Group were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in shares of Match Group by 4.7% during the first quarter. Jennison Associates LLC now owns 22,929,375 shares of the technology company’s stock valued at $3,150,038,000 after buying an additional 1,022,158 shares during the last quarter. BlackRock Inc. increased its position in Match Group by 0.4% in the first quarter. BlackRock Inc. now owns 15,616,964 shares of the technology company’s stock worth $2,145,458,000 after purchasing an additional 58,670 shares during the last quarter. FMR LLC increased its position in Match Group by 3.2% in the fourth quarter. FMR LLC now owns 10,134,419 shares of the technology company’s stock worth $1,532,222,000 after purchasing an additional 314,770 shares during the last quarter. JPMorgan Chase & Co. increased its position in Match Group by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 9,045,031 shares of the technology company’s stock worth $1,367,518,000 after purchasing an additional 522,085 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in Match Group by 34.5% in the fourth quarter. Brown Advisory Inc. now owns 3,750,002 shares of the technology company’s stock worth $566,962,000 after purchasing an additional 961,425 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Shares of MTCH traded down $1.55 during trading hours on Friday, reaching $140.33. 37,791 shares of the company traded hands, compared to its average volume of 2,414,282. The stock has a market capitalization of $37.93 billion, a price-to-earnings ratio of 77.53, a price-to-earnings-growth ratio of 6.40 and a beta of 1.13. Match Group, Inc. has a 12-month low of $87.56 and a 12-month high of $174.68. The stock has a fifty day moving average of $144.23.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, May 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.18. The firm had revenue of $667.61 million during the quarter, compared to analyst estimates of $650.74 million. Match Group had a net margin of 20.44% and a negative return on equity of 39.56%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, equities analysts expect that Match Group, Inc. will post 2.11 earnings per share for the current year.

Several equities research analysts recently weighed in on the stock. KeyCorp boosted their price target on shares of Match Group from $165.00 to $172.00 and gave the stock an “overweight” rating in a research report on Thursday, May 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Match Group from a “strong sell” rating to a “hold” rating and set a $151.00 price target on the stock in a research report on Tuesday, April 6th. BTIG Research upgraded shares of Match Group from a “neutral” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Monday, April 12th. Finally, Oppenheimer lifted their price objective on shares of Match Group from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 6th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $153.15.

In related news, CAO Philip D. Eigenmann sold 10,861 shares of Match Group stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $146.21, for a total value of $1,587,986.81. Following the completion of the sale, the chief accounting officer now directly owns 10,861 shares in the company, valued at $1,587,986.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mcdaniel sold 2,500 shares of Match Group stock in a transaction dated Monday, May 17th. The shares were sold at an average price of $138.82, for a total value of $347,050.00. Following the completion of the sale, the director now owns 10,169 shares of the company’s stock, valued at $1,411,660.58. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

About Match Group

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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