Match Group, Inc. (NASDAQ:MTCH) Shares Sold by River Global Investors LLP

River Global Investors LLP trimmed its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 89,481 shares of the technology company’s stock after selling 585 shares during the period. River Global Investors LLP’s holdings in Match Group were worth $3,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. VisionPoint Advisory Group LLC bought a new stake in Match Group in the 3rd quarter valued at about $40,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Match Group by 46.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after buying an additional 361 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Match Group by 432.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock worth $49,000 after buying an additional 1,089 shares during the period. GAMMA Investing LLC acquired a new position in shares of Match Group during the fourth quarter worth approximately $55,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Match Group in the 3rd quarter worth approximately $62,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on MTCH. StockNews.com raised Match Group from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. KeyCorp upped their price objective on shares of Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Raymond James assumed coverage on shares of Match Group in a research note on Thursday, April 4th. They set a “market perform” rating on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 price target on shares of Match Group in a research note on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.07.

Match Group Stock Up 2.0 %

Match Group stock traded up $0.64 during mid-day trading on Friday, hitting $31.93. The company’s stock had a trading volume of 5,812,898 shares, compared to its average volume of 3,898,322. Match Group, Inc. has a twelve month low of $27.85 and a twelve month high of $49.24. The stock’s fifty day moving average price is $34.07 and its two-hundred day moving average price is $34.45. The stock has a market capitalization of $8.56 billion, a P/E ratio of 14.00, a P/E/G ratio of 0.50 and a beta of 1.43.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $861.31 million. During the same period in the previous year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts expect that Match Group, Inc. will post 2.16 earnings per share for the current 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.