Bluefin Capital Management LLC Sells 590 Shares of Match Group, Inc. (NASDAQ:MTCH)

Bluefin Capital Management LLC reduced its stake in Match Group, Inc. (NASDAQ:MTCH) by 23.7% during the 1st quarter, HoldingsChannel reports. The fund owned 1,900 shares of the technology company’s stock after selling 590 shares during the quarter. Bluefin Capital Management LLC’s holdings in Match Group were worth $261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in Match Group by 2.6% in the 1st quarter. HighTower Advisors LLC now owns 39,899 shares of the technology company’s stock valued at $5,482,000 after acquiring an additional 993 shares in the last quarter. M&T Bank Corp lifted its position in Match Group by 65.4% in the 1st quarter. M&T Bank Corp now owns 36,083 shares of the technology company’s stock valued at $4,957,000 after acquiring an additional 14,269 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Match Group by 8.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 66,052 shares of the technology company’s stock valued at $9,076,000 after acquiring an additional 5,313 shares in the last quarter. Bessemer Group Inc. lifted its position in Match Group by 2.9% in the 1st quarter. Bessemer Group Inc. now owns 1,281,618 shares of the technology company’s stock valued at $176,069,000 after acquiring an additional 36,454 shares in the last quarter. Finally, North Fourth Asset Management LP acquired a new stake in Match Group in the 4th quarter valued at $4,697,000. 96.08% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on MTCH shares. 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 note on Tuesday, April 6th. Oppenheimer lifted their price target on shares of Match Group from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 6th. Morgan Stanley started coverage on shares of Match Group in a research note on Friday, June 18th. They issued an “overweight” rating and a $180.00 price target on the stock. Royal Bank of Canada started coverage on shares of Match Group in a research note on Friday, July 9th. They issued an “outperform” rating and a $190.00 price target on the stock. Finally, KeyCorp lifted their price target on shares of Match Group from $165.00 to $172.00 and gave the company an “overweight” rating in a research note on Thursday, May 6th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $163.32.

In related news, Director Ann Mcdaniel sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 17th. The shares were sold at an average price of $138.82, for a total transaction of $347,050.00. Following the completion of the transaction, the director now directly owns 10,169 shares in the company, valued at approximately $1,411,660.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Philip D. Eigenmann sold 10,861 shares of the company’s stock in a transaction that occurred on Tuesday, May 11th. The stock was sold at an average price of $146.21, for a total transaction of $1,587,986.81. Following the transaction, the chief accounting officer now owns 10,861 shares of the company’s stock, valued at $1,587,986.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,386 shares of company stock valued at $2,767,328. 1.30% of the stock is currently owned by insiders.

NASDAQ MTCH traded down $0.68 during trading on Thursday, reaching $159.02. The company’s stock had a trading volume of 1,875 shares, compared to its average volume of 1,861,508. The stock has a market cap of $42.98 billion, a price-to-earnings ratio of 87.27, a price-to-earnings-growth ratio of 6.86 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 company has a 50 day moving average of $150.80.

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

Match Group Company Profile

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.

Read More: Put Option Volume

Want to see what other hedge funds are holding MTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Match Group, Inc. (NASDAQ:MTCH).

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

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.