Edmond DE Rothschild Holding S.A. Makes New $154.81 Million Investment in Match Group Inc. $MTCH

Key Points

• Edmond de Rothschild Holding acquired 4.07 million Match Group shares worth approximately $154.8 million, giving it a 1.74% stake and making MTCH its 11th-largest portfolio holding.
• Match Group reported quarterly EPS of $0.70, beating estimates of $0.65, while revenue of $853.1 million narrowly missed expectations and declined 1.2% year over year. The company declared a quarterly dividend of $0.20, equivalent to a 2.0% annualized yield.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $41.54 versus its reported opening price of $39.70.

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,068,609 shares of the technology company's stock, valued at approximately $154,811,000. Match Group makes up 2.0% of Edmond DE Rothschild Holding S.A.'s investment portfolio, making the stock its 11th biggest position. Edmond DE Rothschild Holding S.A. owned 1.74% of Match Group as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Great Lakes Advisors LLC bought a new position in shares of Match Group in the 2nd quarter worth $3,335,000. Foster & Motley Inc. acquired a new stake in shares of Match Group in the second quarter valued at about $2,851,000. Meeder Advisory Services Inc. bought a new stake in Match Group during the second quarter worth $433,000. Citizens Financial Group Inc. RI acquired a new position in shares of Match Group during the 2nd quarter worth approximately $398,000. Finally, BlackRock Inc. acquired a new stake in Match Group during the second quarter worth approximately $1,087,055,000. Institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MTCH shares. Barclays increased their price target on Match Group from $49.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. Citigroup lifted their price target on Match Group from $33.00 to $39.00 and gave the company a "neutral" rating in a research note on Wednesday, May 6th. Wall Street Zen cut shares of Match Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Wells Fargo & Company upped their price objective on shares of Match Group from $38.00 to $41.00 and gave the company an "equal weight" rating in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada upped their price target on Match Group from $37.00 to $42.00 and gave the stock an "outperform" rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.54.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $39.70 on Thursday. The company's 50-day moving average is $37.78 and its 200 day moving average is $34.77. The stock has a market capitalization of $9.11 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.57 and a beta of 1.30. Match Group Inc. has a 1 year low of $28.81 and a 1 year high of $41.40.

Match Group (NASDAQ:MTCH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. The business had revenue of $853.11 million during the quarter, compared to analysts' expectations of $857.77 million. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%.The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. Research analysts anticipate that Match Group Inc. will post 3.31 earnings per share for the current year.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. Match Group's payout ratio is currently 28.27%.

Insider Activity at Match Group

In other Match Group news, Director Glenn Schiffman bought 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $36.63 per share, with a total value of $109,890.00. Following the completion of the acquisition, the director owned 56,370 shares in the company, valued at $2,064,833.10. This trade represents a 5.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is owned by company insiders.

About Match Group

Match Group, Inc NASDAQ: MTCH is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.

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