Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in Match Group, Inc. (NASDAQ:MTCH) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,058 shares of the technology company’s stock after selling 6,374 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Match Group worth $4,407,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. YHB Investment Advisors Inc. acquired a new stake in Match Group during the 1st quarter valued at $28,000. Principal Securities Inc. acquired a new position in Match Group during the 4th quarter worth $31,000. Mather Group LLC. bought a new stake in shares of Match Group in the 1st quarter worth about $33,000. Fidelis Capital Partners LLC acquired a new stake in shares of Match Group in the 1st quarter valued at about $33,000. Finally, GAMMA Investing LLC bought a new position in shares of Match Group during the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

NASDAQ MTCH opened at $37.14 on Thursday. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.48. The company has a 50 day simple moving average of $33.00 and a 200-day simple moving average of $33.25. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $47.81.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The company had revenue of $864.07 million during the quarter, compared to the consensus estimate of $856.51 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that Match Group, Inc. will post 1.98 EPS for the current year.

Wall Street Analyst Weigh In

MTCH has been the topic of several research reports. Truist Financial upped their price objective on Match Group from $33.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley decreased their target price on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. TD Cowen lifted their price target on Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 1st. HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price on the stock in a research report on Monday, August 5th. Finally, StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

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.