Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCHGet Rating) by 8.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 431,764 shares of the technology company’s stock after buying an additional 33,423 shares during the period. Victory Capital Management Inc.’s holdings in Match Group were worth $38,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in Match Group by 13.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 398,405 shares of the technology company’s stock worth $43,323,000 after purchasing an additional 47,433 shares during the last quarter. Arizona State Retirement System grew its position in Match Group by 4.6% in the 1st quarter. Arizona State Retirement System now owns 74,859 shares of the technology company’s stock worth $8,140,000 after purchasing an additional 3,261 shares during the last quarter. Venture Visionary Partners LLC grew its position in Match Group by 12.7% in the 1st quarter. Venture Visionary Partners LLC now owns 3,499 shares of the technology company’s stock worth $380,000 after purchasing an additional 394 shares during the last quarter. Mount Yale Investment Advisors LLC grew its position in Match Group by 8.6% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 13,621 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in Match Group by 82.0% in the 1st quarter. Metis Global Partners LLC now owns 4,396 shares of the technology company’s stock worth $478,000 after purchasing an additional 1,980 shares during the last quarter. Institutional investors own 96.11% of the company’s stock.

Match Group Price Performance

MTCH stock opened at $73.53 on Tuesday. Match Group, Inc. has a 12 month low of $63.33 and a 12 month high of $182.00. The firm has a market cap of $21.00 billion, a PE ratio of 82.62, a P/E/G ratio of 0.67 and a beta of 1.16. The firm has a 50 day simple moving average of $73.88 and a 200 day simple moving average of $89.76.

Match Group (NASDAQ:MTCHGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $798.63 million during the quarter, compared to the consensus estimate of $795.03 million. Match Group had a net margin of 9.12% and a negative return on equity of 220.83%. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, sell-side analysts expect that Match Group, Inc. will post 2.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Cowen decreased their target price on shares of Match Group from $130.00 to $128.00 and set a “maintains” rating for the company in a research report on Tuesday, July 26th. Wells Fargo & Company upgraded shares of Match Group from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $140.00 to $115.00 in a report on Monday, May 9th. Barclays decreased their price objective on shares of Match Group from $81.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Wedbush decreased their price objective on shares of Match Group from $130.00 to $98.00 in a report on Thursday, May 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of Match Group from $138.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, June 9th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Match Group currently has a consensus rating of “Moderate Buy” and an average price target of $120.50.

Match Group Company Profile

(Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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