Match Group Inc (MTCH) : Lansdowne Partners (uk) Llp reduced its stake in Match Group Inc by 13.86% during the most recent quarter end. The investment management company now holds a total of 130,549 shares of Match Group Inc which is valued at $2,091,395 after selling 21,000 shares in Match Group Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Match Group Inc makes up approximately 0.02% of Lansdowne Partners (uk) Llp’s portfolio.
Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in MTCH in the latest quarter, The investment management firm added 5,026 additional shares and now holds a total of 11,840 shares of Match Group Inc which is valued at $189,677.Pacer Advisors boosted its stake in MTCH in the latest quarter, The investment management firm added 13,212 additional shares and now holds a total of 16,247 shares of Match Group Inc which is valued at $260,277. Match Group Inc makes up approx 0.04% of Pacer Advisors’s portfolio. Gsa Capital Partners Llp sold out all of its stake in MTCH during the most recent quarter. The investment firm sold 100,131 shares of MTCH which is valued $1,593,084. Sg Americas Securities sold out all of its stake in MTCH during the most recent quarter. The investment firm sold 11,277 shares of MTCH which is valued $175,583.
On the company’s financial health, Match Group Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $285.30 million for the quarter, compared to analysts expectations of $281.08 million. The company’s revenue was up 21.4% compared to the same quarter last year.
Many Wall Street Analysts have commented on Match Group Inc. JP Morgan Upgraded Match Group Inc on Jul 28, 2016 to ” Overweight”, Price Target of the shares are set at $19.
Match Group Inc. is engaged in providing dating products. The Company operates through two segments: Dating and Non-dating. The Company operates a portfolio of over 45 brands. The Company through its portfolio of brands provides products to meet the varying preferences of its users. Its Dating segment provides dating products through brands such as Match OkCupid Tinder PlentyOfFish Meetic Twoo OurTime and FriendScout24. The Company’s Non-dating segment provides a range of education services. Through The Princeton Review Non-dating segment offers services including test preparation academic tutoring and college counseling services. The Princeton Review includes Tutor.com which provides online on demand one-on-one tutoring services. The Company offers dating products in approximately 40 languages across over 190 countries.