On May 4, 2023 at 10:54:19 ET an unusually large $270.81K block of Put contracts in Match Group Inc. – (MTCH) was sold, with a strike price of $33.50 / share, expiring in 1 day(s) (on May 5, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.92 sigmas above the mean, placing it in the 95.07th percentile of all recent large trades made in MTCH options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1373 funds or institutions reporting positions in Match Group Inc. -. This is a decrease of 25 owner(s) or 1.79% in the last quarter. Average portfolio weight of all funds dedicated to MTCH is 0.26%, a decrease of 2.70%. Total shares owned by institutions decreased in the last three months by 0.64% to 321,495K shares. The put/call ratio of MTCH is 1.03, indicating a bearish outlook.
Analyst Price Forecast Suggests 83.36% Upside
As of April 24, 2023, the average one-year price target for Match Group Inc. – is 61.55. The forecasts range from a low of 40.40 to a high of $99.75. The average price target represents an increase of 83.36% from its latest reported closing price of 33.57.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Match Group Inc. – is 3,513MM, an increase of 10.56%. The projected annual non-GAAP EPS is 2.10.
What are Other Shareholders Doing?
Edgewood Management holds 15,879K shares representing 5.68% ownership of the company. In it’s prior filing, the firm reported owning 18,394K shares, representing a decrease of 15.84%. The firm decreased its portfolio allocation in MTCH by 23.51% over the last quarter.
Price T Rowe Associates holds 12,126K shares representing 4.34% ownership of the company. In it’s prior filing, the firm reported owning 12,762K shares, representing a decrease of 5.24%. The firm decreased its portfolio allocation in MTCH by 18.94% over the last quarter.
EGFIX – Edgewood Growth Fund Institutional Class Shares holds 8,648K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 10,156K shares, representing a decrease of 17.44%. The firm decreased its portfolio allocation in MTCH by 19.73% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 8,498K shares representing 3.04% ownership of the company. In it’s prior filing, the firm reported owning 8,450K shares, representing an increase of 0.57%. The firm decreased its portfolio allocation in MTCH by 19.30% over the last quarter.
Flossbach Von Storch holds 8,110K shares representing 2.90% ownership of the company. In it’s prior filing, the firm reported owning 8,094K shares, representing an increase of 0.20%. The firm increased its portfolio allocation in MTCH by 2.14% over the last quarter.
Match Group Background Information
(This description is provided by the company.)
Match Group, through its portfolio companies, is a leading provider of dating products available in over 40 languages to our users all over the world. Its portfolio of brands includes Tinder, Match, PlentyOfFish, Meetic , OkCupid, OurTime, Pairs, and Hinge, as well as a number of other brands, each designed to increase users’ likelihood of finding a meaningful connection. Through its portfolio companies and their trusted brands, they provide tailored products to meet the varying preferences of our users.
See all Match Group Inc. – regulatory filings.
This article originally appeared on Fintel
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