Match Group, Inc. (NASDAQ:MTCH) Stock Holdings Lowered by Allworth Financial LP

Allworth Financial LP reduced its position in Match Group, Inc. (NASDAQ:MTCH) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,335 shares of the technology company’s stock after selling 315 shares during the period. Allworth Financial LP’s holdings in Match Group were worth $49,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Metis Global Partners LLC increased its position in shares of Match Group by 17.7% in the third quarter. Metis Global Partners LLC now owns 11,767 shares of the technology company’s stock worth $461,000 after acquiring an additional 1,770 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Match Group by 22.4% in the fourth quarter. Nordea Investment Management AB now owns 1,045,186 shares of the technology company’s stock worth $37,961,000 after acquiring an additional 191,615 shares in the last quarter. Scharf Investments LLC purchased a new position in shares of Match Group in the fourth quarter worth approximately $31,526,000. American Century Companies Inc. increased its position in shares of Match Group by 13.9% in the third quarter. American Century Companies Inc. now owns 1,509,954 shares of the technology company’s stock worth $59,152,000 after acquiring an additional 184,325 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Match Group by 237.3% in the third quarter. Canada Pension Plan Investment Board now owns 929,700 shares of the technology company’s stock worth $36,421,000 after acquiring an additional 654,105 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Down 3.3 %

NASDAQ MTCH opened at $32.68 on Friday. The stock has a market capitalization of $8.76 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41. The company has a 50 day moving average price of $35.32 and a two-hundred day moving average price of $35.03. Match Group, Inc. has a 12-month low of $27.85 and a 12-month high of $49.24.

Match Group (NASDAQ:MTCH) last issued 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. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The business had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $861.31 million. During the same period in the previous year, the company earned $0.30 earnings per share. Match Group’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts anticipate that Match Group, Inc. will post 2.17 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. lowered their price objective on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. KeyCorp boosted their price objective on shares of Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Raymond James assumed coverage on shares of Match Group in a research report on Thursday, April 4th. They set a “market perform” rating on the stock. Finally, UBS Group boosted their price objective 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. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and a consensus price target of $46.39.

Match Group 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.