Raymond James Financial Services Advisors Inc. Sells 2,373 Shares of Match Group, Inc. (NASDAQ:MTCH)

Raymond James Financial Services Advisors Inc. lowered its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 6.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,003 shares of the technology company’s stock after selling 2,373 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Match Group were worth $1,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd grew its position in shares of Match Group by 161.3% in the 1st quarter. Covestor Ltd now owns 742 shares of the technology company’s stock valued at $81,000 after buying an additional 458 shares during the last quarter. State of Wyoming bought a new stake in shares of Match Group in the 2nd quarter valued at about $38,000. VisionPoint Advisory Group LLC bought a new stake in shares of Match Group in the 3rd quarter valued at about $40,000. Massmutual Trust Co. FSB ADV grew its position in shares of Match Group by 46.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after buying an additional 361 shares during the last quarter. Finally, AM Squared Ltd bought a new stake in shares of Match Group during the 1st quarter valued at about $46,000. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on MTCH shares. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Raymond James started coverage on Match Group in a research report on Thursday, April 4th. They set a “market perform” rating on the stock. KeyCorp upped their target price on Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. UBS Group upped their target price on Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. cut their target price on Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.39.

Match Group Stock Down 3.3 %

Shares of Match Group stock opened at $32.68 on Friday. The company has a market cap of $8.76 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.53 and a beta of 1.41. Match Group, Inc. has a 52 week low of $27.85 and a 52 week high of $49.24. The business has a 50 day moving average price of $35.32 and a 200-day moving average price of $35.07.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.49 by $0.32. The firm 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%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. As a group, research analysts anticipate that Match Group, Inc. will post 2.17 EPS for the current year.

Match Group Company Profile

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.