Heritage Investors Management Corp Has $1.37 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

Heritage Investors Management Corp cut its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 28.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,556 shares of the technology company’s stock after selling 14,865 shares during the quarter. Heritage Investors Management Corp’s holdings in Match Group were worth $1,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MTCH. Massmutual Trust Co. FSB ADV boosted its stake in 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 worth $42,000 after acquiring an additional 361 shares in the last quarter. Greenwich Wealth Management LLC boosted its holdings in Match Group by 1.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 19,170 shares of the technology company’s stock worth $700,000 after acquiring an additional 361 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Match Group by 4.4% during the third quarter. Blair William & Co. IL now owns 8,941 shares of the technology company’s stock valued at $350,000 after acquiring an additional 373 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Match Group by 23.5% during the fourth quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock worth $79,000 after purchasing an additional 410 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Match Group by 0.6% in the 4th quarter. Arizona State Retirement System now owns 76,429 shares of the technology company’s stock worth $2,790,000 after purchasing an additional 459 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Raymond James began coverage on shares of Match Group in a research report on Thursday, April 4th. They set a “market perform” rating for the company. UBS Group lowered their price objective on Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup lifted their target price on Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. The Goldman Sachs Group lowered their price target on Match Group from $47.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday. Finally, KeyCorp dropped their price objective on Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.11.

Match Group Price Performance

Shares of Match Group stock traded up $0.76 during trading hours on Thursday, reaching $30.58. The company had a trading volume of 6,999,120 shares, compared to its average volume of 5,814,440. Match Group, Inc. has a one year low of $27.66 and a one year high of $49.24. The firm has a market cap of $8.20 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. The business has a fifty day simple moving average of $33.65 and a 200 day simple moving average of $34.31.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $860.00 million for the quarter, compared to the consensus estimate of $855.77 million. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, research analysts forecast that Match Group, Inc. will post 2.16 EPS 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.