Match Group, Inc. (NASDAQ:MTCH) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its holdings in Match Group, Inc. (NASDAQ:MTCHFree Report) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 131,025 shares of the technology company’s stock after acquiring an additional 5,055 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Match Group were worth $4,782,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MTCH. Allianz Asset Management GmbH boosted its stake in Match Group by 5.0% in the 4th quarter. Allianz Asset Management GmbH now owns 210,922 shares of the technology company’s stock worth $7,699,000 after purchasing an additional 9,989 shares in the last quarter. TD Asset Management Inc boosted its stake in Match Group by 7.7% in the 4th quarter. TD Asset Management Inc now owns 586,528 shares of the technology company’s stock worth $21,408,000 after purchasing an additional 41,792 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Match Group by 43.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 3,136,418 shares of the technology company’s stock worth $114,479,000 after purchasing an additional 956,387 shares in the last quarter. Evermay Wealth Management LLC boosted its stake in Match Group by 231.2% in the 4th quarter. Evermay Wealth Management LLC now owns 4,915 shares of the technology company’s stock worth $179,000 after purchasing an additional 3,431 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Match Group in the 4th quarter worth approximately $256,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Up 1.3 %

MTCH opened at $31.02 on Tuesday. The firm’s fifty day simple moving average is $32.09 and its two-hundred day simple moving average is $34.15. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $49.24. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 0.51 and a beta of 1.46.

Match Group (NASDAQ:MTCHGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The firm had revenue of $860.00 million for the quarter, compared to analyst estimates of $855.77 million. During the same period last year, the company posted $0.42 EPS. Match Group’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, research analysts forecast that Match Group, Inc. will post 2.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MTCH shares. Susquehanna lowered their target price on shares of Match Group from $46.00 to $45.00 and set a “positive” rating for the company in a research note on Monday, May 13th. Royal Bank of Canada lowered their target price on shares of Match Group from $43.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Piper Sandler restated an “overweight” rating and set a $45.00 price objective on shares of Match Group in a research note on Wednesday, March 27th. KeyCorp decreased their price objective on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Match Group from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.43.

Check Out Our Latest Research Report on Match Group

Match Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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