Northern Oak Wealth Management Inc. Buys New Holdings in Match Group Inc (NASDAQ:MTCH)

Northern Oak Wealth Management Inc. bought a new stake in shares of Match Group Inc (NASDAQ:MTCH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 623 shares of the technology company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds have also modified their holdings of MTCH. Flagship Harbor Advisors LLC boosted its holdings in shares of Match Group by 4.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 4,910 shares of the technology company’s stock worth $330,000 after purchasing an additional 222 shares during the period. Rhumbline Advisers grew its stake in Match Group by 0.7% during the 1st quarter. Rhumbline Advisers now owns 51,243 shares of the technology company’s stock valued at $2,901,000 after purchasing an additional 355 shares during the last quarter. California State Teachers Retirement System grew its stake in Match Group by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 83,126 shares of the technology company’s stock valued at $4,706,000 after purchasing an additional 377 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in Match Group by 32.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,774 shares of the technology company’s stock valued at $100,000 after purchasing an additional 435 shares during the last quarter. Finally, Bluestein R H & Co. grew its stake in Match Group by 6.7% during the 1st quarter. Bluestein R H & Co. now owns 8,000 shares of the technology company’s stock valued at $453,000 after purchasing an additional 500 shares during the last quarter. 22.11% of the stock is currently owned by institutional investors.

In related news, Director Ann Mcdaniel sold 6,400 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $70.26, for a total value of $449,664.00. Following the completion of the sale, the director now owns 9,578 shares of the company’s stock, valued at $672,950.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Amanda Ginsberg sold 119,879 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $69.05, for a total value of $8,277,644.95. Following the completion of the sale, the chief executive officer now directly owns 211,784 shares of the company’s stock, valued at approximately $14,623,685.20. The disclosure for this sale can be found here. Insiders have sold 130,607 shares of company stock valued at $9,034,034 in the last three months. Insiders own 3.00% of the company’s stock.

Shares of Match Group stock traded down $1.54 during mid-day trading on Friday, reaching $85.63. 3,224,094 shares of the stock traded hands, compared to its average volume of 2,174,828. The company has a 50-day moving average price of $73.72. Match Group Inc has a fifty-two week low of $33.30 and a fifty-two week high of $95.32. The stock has a market capitalization of $25.80 billion, a PE ratio of 64.38, a PEG ratio of 3.41 and a beta of 0.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 11.10.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, August 6th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Match Group had a return on equity of 153.58% and a net margin of 26.51%. The business had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $489.16 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, analysts forecast that Match Group Inc will post 1.78 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Goldman Sachs Group upgraded Match Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $48.00 to $66.00 in a research note on Thursday, May 9th. UBS Group downgraded Match Group from a “buy” rating to a “neutral” rating and upped their target price for the stock from $77.00 to $95.00 in a research note on Thursday. Jefferies Financial Group upped their target price on Match Group from $80.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. BidaskClub upgraded Match Group from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Finally, Barclays restated an “equal weight” rating and issued a $88.00 target price (up previously from $66.00) on shares of Match Group in a research note on Thursday. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $86.91.

Match Group Profile

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

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

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