IFM Investors Pty Ltd Has $2 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)

IFM Investors Pty Ltd trimmed its position in Match Group, Inc. (NASDAQ:MTCH) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,085 shares of the technology company’s stock after selling 2,466 shares during the quarter. IFM Investors Pty Ltd’s holdings in Match Group were worth $1,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTCH. Massmutual Trust Co. FSB ADV boosted 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 worth $42,000 after purchasing an additional 361 shares during the period. Greenwich Wealth Management LLC boosted its holdings in shares of Match Group by 1.9% during the fourth quarter. Greenwich Wealth Management LLC now owns 19,170 shares of the technology company’s stock worth $700,000 after purchasing an additional 361 shares during the period. Blair William & Co. IL boosted 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 worth $350,000 after purchasing an additional 373 shares during the period. Global Retirement Partners LLC boosted its holdings 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 boosted its holdings in shares of Match Group by 0.6% during the fourth 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 during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Price Performance

MTCH stock traded up $0.20 on Friday, reaching $31.89. 2,583,090 shares of the company were exchanged, compared to its average volume of 3,808,691. Match Group, Inc. has a 12 month low of $27.85 and a 12 month high of $49.24. The stock’s fifty day moving average price is $34.49 and its 200 day moving average price is $34.57. The firm has a market capitalization of $8.55 billion, a PE ratio of 13.99, a PEG ratio of 0.51 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The firm had revenue of $866.00 million for the quarter, compared to the consensus estimate of $861.31 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts expect that Match Group, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on MTCH shares. Raymond James began coverage on shares of Match Group in a report on Thursday, April 4th. They set a “market perform” rating for the company. Morgan Stanley cut shares of Match Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $53.00 to $37.00 in a research note on Thursday, April 18th. JPMorgan Chase & Co. reduced their target price on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. UBS Group lifted their target price on shares of Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $45.00 target price on shares of Match Group in a research note on Wednesday, March 27th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.07.

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.