Xponance Inc. Reduces Position in Match Group, Inc. (NASDAQ:MTCH)

Xponance Inc. decreased its position in Match Group, Inc. (NASDAQ:MTCH) by 39.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,284 shares of the technology company’s stock after selling 23,886 shares during the period. Xponance Inc.’s holdings in Match Group were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC acquired a new stake in shares of Match Group during the fourth quarter worth about $149,000. Assetmark Inc. raised its position in Match Group by 47.7% during the 4th quarter. Assetmark Inc. now owns 1,739 shares of the technology company’s stock worth $63,000 after buying an additional 562 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Match Group during the 4th quarter valued at approximately $256,000. TD Asset Management Inc boosted its holdings in shares of Match Group by 7.7% in the 4th quarter. TD Asset Management Inc now owns 586,528 shares of the technology company’s stock valued at $21,408,000 after acquiring an additional 41,792 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Match Group by 5.0% in the fourth quarter. Allianz Asset Management GmbH now owns 210,922 shares of the technology company’s stock worth $7,699,000 after acquiring an additional 9,989 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on MTCH shares. The Goldman Sachs Group boosted their target price on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Evercore ISI upgraded Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Citigroup lifted their target price on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Eight equities 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.07.

Match Group Stock Performance

NASDAQ MTCH opened at $37.81 on Friday. The business has a fifty day moving average price of $35.81 and a 200 day moving average price of $33.38. The company has a market cap of $9.75 billion, a P/E ratio of 16.44, a P/E/G ratio of 0.77 and a beta of 1.50. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. As a group, sell-side analysts predict that Match Group, Inc. will post 1.98 EPS for the current fiscal year.

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.