MediaAlpha, Inc. (NYSE:MAX) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 378,211 shares of the company's stock after selling 102,360 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.57% of MediaAlpha worth $4,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of MediaAlpha by 655.8% in the third quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company's stock valued at $1,450,000 after buying an additional 69,477 shares in the last quarter. Rhumbline Advisers grew its position in MediaAlpha by 4.3% in the fourth quarter. Rhumbline Advisers now owns 43,431 shares of the company's stock valued at $490,000 after acquiring an additional 1,782 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of MediaAlpha by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company's stock valued at $40,908,000 after purchasing an additional 169,654 shares during the period. Blair William & Co. IL acquired a new position in shares of MediaAlpha during the fourth quarter worth $599,000. Finally, Bank of New York Mellon Corp lifted its position in shares of MediaAlpha by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 89,949 shares of the company's stock worth $1,016,000 after purchasing an additional 13,356 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company's stock.

MediaAlpha Trading Down 1.8%

NYSE MAX traded down $0.18 on Wednesday, hitting $9.98. 395,920 shares of the stock traded hands, compared to its average volume of 636,779. The stock has a 50-day moving average of $9.03 and a 200 day moving average of $10.56. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $20.91. The company has a market capitalization of $668.76 million, a P/E ratio of 58.69 and a beta of 1.12.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The firm had revenue of $264.31 million during the quarter, compared to the consensus estimate of $236.07 million. During the same quarter last year, the firm posted ($0.02) earnings per share. MediaAlpha's revenue was up 108.7% compared to the same quarter last year. As a group, equities research analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

MAX has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. boosted their price target on MediaAlpha from $10.00 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Canaccord Genuity Group lowered their price objective on MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Keefe, Bruyette & Woods cut their target price on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets cut their target price on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, MediaAlpha has an average rating of "Moderate Buy" and an average target price of $17.21.

MediaAlpha Company Profile

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.