According to the most recent Form 13F filing that Great West Life Assurance Co. made with the Securities and Exchange Commission, the company acquired a new position in Match Group, Inc. (NASDAQ: MTCH) during the third quarter of this year. This information was provided in the most recent quarterly report that the company released. The institutional investor spent a total of $12,426,000 to purchase 260,561 shares in the technology company. Great West Life Assurance Company of Canada holds 0.09% of Match Group, as stated in its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds bought and sold MTCH shares during the most recent period. These transactions took place during the most recent period. During the first three months of the year, Acadian Asset Management LLC achieved a stake in Match Group that was 73.8% greater than previously. Following the purchase of an additional 884 shares during the relevant period, Acadian Asset Management LLC now holds 2,082 shares in the technology company. The value of these shares has increased to $224,000 since the acquisition of 884 shares. During the first quarter, Dimensional Fund Advisors LP saw a 3.3% increase in the Match Group stock held in its portfolio. After purchasing an additional 26,902 shares over the year, Dimensional Fund Advisors LP now owns 840,248 shares of the technology company’s stock, which has a value of $91,374,000. This brings the total number of shares owned by the investment firm to 840,248. Aviva PLC increased its stake in Match Group by 4.0 percent over the year’s first three months. After making an additional purchase of 3,455 shares throughout the period, Aviva PLC now has a total of 90,746 shares of the technology company’s stock in its possession. The total worth of Aviva PLC’s stock holdings is $9,868,000 at the current market price. Prudential PLC made a new investment totaling approximately $279,000 in Match Group during the first three months of the year. During the first three months of 2018, Vanguard Group Inc. increased the amount of Match Group stock owned by 1.7%, making this the final and most important point. Vanguard Group Inc. now has 29,160,856 shares of the technology company’s stock after making an additional purchase of 500,418 shares during the period. The stock is currently valued at $3,170,951,000. The majority of the equity in the company is held by institutional investors, which amounts to 93.53% of the total.
In a variety of analyst publications, MTCH has been mentioned an extensive number of times. The price objective that Morgan Stanley has placed on Match Group shares has been reduced from $100.00 to $90.00, and the firm still has an “overweight” rating. This action was detailed in a research report released on October 11 and served as the announcement. Evercore ISI stated in a research note published on October 13 that they have decreased their target price for Match Group shares to $65.00. The company stated that it was changing its rating on shares of Match Group from “sell” to “hold” in a research note published on Thursday, November 3, by StockNews.com. The note was released on Thursday, November 3. Cowen stated that they would be lowering their price target for Match Group shares from $85.00 to $80.00 in a research report that was published on November 3. JPMorgan Chase & Co. lowered their target price on Match Group shares from $75.00 to $65.00 and rated the stock as “overweight” in a research note published on Thursday, November 3. This was the third and final change, and it was also the most significant. Eight research analysts recommend that investors keep their holding positions, while the remaining 18 recommend that investors buy the company. According to information made available by Bloomberg, the company is currently rated as a “Moderate Buy,” and a target price of $81.92 has been established.
When trading on MTCH shares began on Thursday, the stock price was $47.21 per share. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 143.06, a price-to-growth ratio of 0.72, and a beta value of 1.24. The price-to-growth ratio indicates that the company’s earnings are expected to grow at a rate of 0.72 percent per year. The company’s moving averages over the last 50 days are $44.88, while the moving averages over the last 200 days are $53.07.Match Group, Inc. reached a 52-week low of $38.64, while the company reached a 52-week high of $122.08 during this period.
On November 1 November 1, the most recent earnings report for Match Group was made public. Match Group’s stock is traded on the NASDAQ under the ticker symbol “MTCH.” The information technology company’s quarterly earnings per share came in at $0.45, which was $0.07 less than the consensus estimate of $0.52 among analysts. The company’s revenue for the quarter was also $0.45 million. Observers of the market predicted that the company would bring in sales totaling $793.03 million during the quarter, but it brought in sales totaling $809.55 million instead. Match Group had a net margin of 3.39% and a negative return on equity of 94.07%, which are terrible numbers for a business. According to estimates provided by sell-side analysts, Match Group, Inc. will bring in an average of $1.41 in profits per share over this current fiscal year.
Match Group, Inc. is a company that operates on a worldwide scale and specializes in the provision of dating services. Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime are other dating apps and websites in the corporation’s portfolio. The company’s headquarters can be found in the city of Dallas, which is in the state of Texas. The year 1986 served as the starting point for its existence.
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