Bank of America Corp DE Buys Shares of 2,046,240 Match Group Inc. $MTCH
MarketBeat
Bank of America Corp DE has acquired 2.05 million shares of Match Group Inc. (NASDAQ:MTCH) for approximately $77.9 million, making it a significant institutional investor. This purchase comes as Match Group exceeded quarterly EPS expectations, reporting $0.70 against an estimated $0.65, despite a slight revenue decline. The company also announced a quarterly dividend of $0.20 per share, contributing to a "Moderate Buy" consensus among analysts with an average price target of $42.46.
Read the full story
This is a short summary. The complete article is published by MarketBeat.
Headline and summary aggregated from public news feeds. For information only — not financial advice.