Strs Ohio Acquires 32,500 Shares of Match Group, Inc. (NASDAQ:MTCH)

Strs Ohio lifted its holdings in Match Group, Inc. (NASDAQ:MTCH) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 97,500 shares of the technology company’s stock after buying an additional 32,500 shares during the quarter. Strs Ohio’s holdings in Match Group were worth $3,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Acadian Asset Management LLC boosted its stake in Match Group by 73.8% during the first quarter. Acadian Asset Management LLC now owns 2,082 shares of the technology company’s stock valued at $224,000 after buying an additional 884 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Match Group by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 840,248 shares of the technology company’s stock valued at $91,374,000 after buying an additional 26,902 shares during the last quarter. Aviva PLC boosted its stake in Match Group by 4.0% during the first quarter. Aviva PLC now owns 90,746 shares of the technology company’s stock valued at $9,868,000 after buying an additional 3,455 shares during the last quarter. Prudential PLC bought a new position in Match Group during the first quarter valued at approximately $279,000. Finally, Vanguard Group Inc. boosted its stake in Match Group by 1.7% during the first quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock valued at $3,170,951,000 after buying an additional 500,418 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler reissued an “overweight” rating and set a $45.00 price target on shares of Match Group in a research note on Wednesday, March 27th. JPMorgan Chase & Co. dropped their price target on Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. Citigroup raised their price objective on Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Morgan Stanley lowered Match Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $53.00 to $37.00 in a research note on Thursday. Finally, UBS Group raised their price objective on Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.95.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $32.22 on Friday. The business’s 50 day moving average price is $35.06 and its 200-day moving average price is $34.85. Match Group, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $49.24. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.51 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The firm had revenue of $866.00 million for the quarter, compared to the consensus estimate of $861.31 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts predict that Match Group, Inc. will post 2.17 earnings per share 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.