Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 48.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,468 shares of the technology company’s stock after selling 19,013 shares during the period. Handelsbanken Fonder AB’s holdings in Match Group were worth $747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTCH. Metis Global Partners LLC raised its holdings 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 during the last quarter. Nordea Investment Management AB lifted its holdings in Match Group by 22.4% in the 4th quarter. Nordea Investment Management AB now owns 1,045,186 shares of the technology company’s stock valued at $37,961,000 after purchasing an additional 191,615 shares in the last quarter. Scharf Investments LLC acquired a new stake in shares of Match Group during the 4th quarter worth about $31,526,000. American Century Companies Inc. grew its holdings in shares of Match Group by 13.9% during the third quarter. American Century Companies Inc. now owns 1,509,954 shares of the technology company’s stock worth $59,152,000 after buying an additional 184,325 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Match Group by 4,348.2% in the fourth quarter. International Assets Investment Management LLC now owns 79,935 shares of the technology company’s stock valued at $2,918,000 after buying an additional 78,138 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

MTCH has been the topic of a number of analyst reports. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Raymond James began coverage on Match Group in a research report on Thursday, April 4th. They issued a “market perform” rating for the company. KeyCorp increased their target price on Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. UBS Group lifted their price target on Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, Citigroup increased their price objective on shares of Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Match Group presently has an average rating of “Hold” and an average target price of $43.07.

Match Group Trading Down 1.1 %

Shares of Match Group stock opened at $31.53 on Tuesday. Match Group, Inc. has a twelve month low of $27.85 and a twelve month high of $49.24. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.51 and a beta of 1.41. The company has a fifty day moving average price of $34.37 and a 200 day moving average price of $34.53.

Match Group (NASDAQ:MTCH) last issued its 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. The company 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 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. Analysts forecast that Match Group, Inc. will post 2.16 earnings per share for the current 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.