Kestra Advisory Services LLC Sells 2,796 Shares of Match Group, Inc. (NASDAQ:MTCH)

Kestra Advisory Services LLC decreased its stake in shares of Match Group, Inc. (NASDAQ:MTCHGet Rating) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,059 shares of the technology company’s stock after selling 2,796 shares during the period. Kestra Advisory Services LLC’s holdings in Match Group were worth $1,053,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation N.A. grew its position in Match Group by 122.3% in the second quarter. Zions Bancorporation N.A. now owns 409 shares of the technology company’s stock valued at $29,000 after purchasing an additional 225 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in Match Group in the second quarter valued at $30,000. Mine & Arao Wealth Creation & Management LLC. bought a new position in Match Group in the third quarter valued at $26,000. Parkside Financial Bank & Trust grew its position in Match Group by 88.2% in the third quarter. Parkside Financial Bank & Trust now owns 557 shares of the technology company’s stock valued at $26,000 after purchasing an additional 261 shares in the last quarter. Finally, Institutional & Family Asset Management LLC grew its position in Match Group by 42.1% in the second quarter. Institutional & Family Asset Management LLC now owns 577 shares of the technology company’s stock valued at $40,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 93.53% of the company’s stock.

Match Group Stock Performance

NASDAQ:MTCH opened at $50.85 on Wednesday. Match Group, Inc. has a 52 week low of $38.64 and a 52 week high of $121.49. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 154.10, a P/E/G ratio of 0.80 and a beta of 1.24. The firm’s 50-day simple moving average is $44.89 and its 200 day simple moving average is $52.25.

Match Group (NASDAQ:MTCHGet Rating) last released its earnings results on Tuesday, November 1st. The technology company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). Match Group had a net margin of 3.39% and a negative return on equity of 94.07%. The firm had revenue of $809.55 million during the quarter, compared to the consensus estimate of $793.03 million. Sell-side analysts anticipate that Match Group, Inc. will post 1.4 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. New Street Research assumed coverage on shares of Match Group in a research report on Wednesday, January 4th. They issued a “buy” rating and a $54.00 target price for the company. Loop Capital increased their price target on shares of Match Group from $45.00 to $50.00 in a research note on Tuesday. StockNews.com upgraded shares of Match Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. Cowen cut their price target on shares of Match Group from $85.00 to $80.00 in a research note on Thursday, November 3rd. Finally, Evercore ISI cut their price target on shares of Match Group to $65.00 in a research note on Thursday, October 13th. Eight research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.72.

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.

See Also

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

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