New York State Teachers Retirement System Buys 4,182 Shares of Match Group, Inc. (NASDAQ:MTCH)

New York State Teachers Retirement System grew its stake in Match Group, Inc. (NASDAQ:MTCH) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,696 shares of the technology company’s stock after acquiring an additional 4,182 shares during the period. New York State Teachers Retirement System owned 0.09% of Match Group worth $9,187,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. State of Wyoming bought a new position in shares of Match Group during the second quarter valued at approximately $38,000. VisionPoint Advisory Group LLC bought a new position in shares of Match Group during the third quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Match Group by 46.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after purchasing an additional 361 shares in the last quarter. AM Squared Ltd bought a new position in shares of Match Group during the first quarter valued at approximately $46,000. Finally, Harbour Investments Inc. boosted its stake in shares of Match Group by 44.6% during the first quarter. Harbour Investments Inc. now owns 1,216 shares of the technology company’s stock valued at $47,000 after purchasing an additional 375 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective 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. UBS Group increased their target price on shares of Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. 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 report on Thursday, February 1st. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Raymond James assumed coverage on shares of Match Group in a research report on Thursday, April 4th. They set a “market perform” rating for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Match Group presently has an average rating of “Moderate Buy” and an average price target of $46.39.

Match Group Price Performance

NASDAQ:MTCH opened at $33.81 on Friday. The firm has a market capitalization of $9.06 billion, a P/E ratio of 14.83, a PEG ratio of 0.53 and a beta of 1.41. Match Group, Inc. has a 1-year low of $27.85 and a 1-year high of $49.24. The company’s fifty day moving average price is $35.42 and its 200-day moving average price is $35.13.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $861.31 million. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Equities 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.