Asset Management One Co. Ltd. Sells 8,157 Shares of Match Group, Inc. (NASDAQ:MTCH)

Asset Management One Co. Ltd. reduced its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,258 shares of the technology company’s stock after selling 8,157 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Match Group were worth $3,976,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Money Concepts Capital Corp grew its stake in shares of Match Group by 27.0% during the 4th quarter. Money Concepts Capital Corp now owns 1,209 shares of the technology company’s stock worth $50,000 after acquiring an additional 257 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in shares of Match Group by 4.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 6,936 shares of the technology company’s stock valued at $754,000 after buying an additional 280 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Match Group by 2.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 10,192 shares of the technology company’s stock valued at $487,000 after buying an additional 283 shares in the last quarter. Laurel Wealth Advisors Inc. grew its stake in shares of Match Group by 6.9% in the first quarter. Laurel Wealth Advisors Inc. now owns 4,480 shares of the technology company’s stock valued at $488,000 after buying an additional 290 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Match Group by 10.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,460 shares of the technology company’s stock valued at $144,000 after buying an additional 317 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MTCH. JPMorgan Chase & Co. decreased their target price on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. KeyCorp raised their target price on shares of Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Citigroup raised their target price on shares of Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Raymond James started coverage on Match Group in a report on Thursday, April 4th. They set a “market perform” rating for the company. Finally, StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.39.

Match Group Stock Up 1.0 %

MTCH stock opened at $33.81 on Friday. The company has a market cap of $9.06 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41. The business has a 50-day simple moving average of $35.42 and a 200 day simple moving average of $35.13. Match Group, Inc. has a 52 week low of $27.85 and a 52 week high of $49.24.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.32. The business had revenue of $866.00 million during the quarter, compared to the consensus estimate of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. Match Group’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, analysts anticipate that Match Group, Inc. will post 2.17 EPS for the current fiscal year.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.