Chapman Financial Group LLC Acquires New Shares in Match Group, Inc. (NASDAQ:MTCH)

Chapman Financial Group LLC acquired a new position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,925 shares of the technology company's stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTCH. Baird Financial Group Inc. raised its stake in shares of Match Group by 2,010.0% during the fourth quarter. Baird Financial Group Inc. now owns 510,975 shares of the technology company's stock worth $16,714,000 after purchasing an additional 486,758 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Match Group during the fourth quarter worth $26,355,000. Ameriprise Financial Inc. grew its holdings in Match Group by 24.2% in the fourth quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock valued at $343,427,000 after purchasing an additional 2,042,677 shares during the period. Anson Funds Management LP lifted its stake in shares of Match Group by 10.3% in the 4th quarter. Anson Funds Management LP now owns 1,505,680 shares of the technology company's stock valued at $49,251,000 after purchasing an additional 140,000 shares in the last quarter. Finally, 272 Capital LP purchased a new stake in Match Group during the 4th quarter worth $1,472,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Buying and Selling at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the sale, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MTCH has been the subject of several research reports. StockNews.com lowered Match Group from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Wells Fargo & Company dropped their price target on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Bank of America dropped their price objective on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on Match Group from $33.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group lowered their price target on Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Match Group currently has a consensus rating of "Hold" and an average price target of $36.44.

Match Group Stock Up 1.4 %

NASDAQ MTCH traded up $0.42 during trading hours on Wednesday, hitting $30.38. 5,393,440 shares of the company were exchanged, compared to its average volume of 4,917,339. Match Group, Inc. has a 52-week low of $26.39 and a 52-week high of $38.84. The company has a 50 day moving average of $30.17 and a two-hundred day moving average of $32.26. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 0.82 and a beta of 1.42.

Match Group (NASDAQ:MTCH - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. On average, equities research analysts predict that Match Group, Inc. will post 2.44 EPS for the current year.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.