Danske Bank A S reduced its stake in Match Group Inc. (NASDAQ:MTCH – Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273,866 shares of the technology company’s stock after selling 37,084 shares during the period. Danske Bank A S’s holdings in Match Group were worth $8,843,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in MTCH. AQR Capital Management LLC boosted its stake in Match Group by 1,163.7% during the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after acquiring an additional 5,652,174 shares during the last quarter. Holocene Advisors LP boosted its stake in Match Group by 2,474.5% during the 3rd quarter. Holocene Advisors LP now owns 2,741,573 shares of the technology company’s stock worth $96,832,000 after acquiring an additional 2,635,085 shares during the last quarter. State Street Corp boosted its stake in Match Group by 14.6% during the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after acquiring an additional 2,461,025 shares during the last quarter. LSV Asset Management boosted its stake in Match Group by 37.8% during the 3rd quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock worth $168,504,000 after acquiring an additional 1,307,949 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in Match Group by 69.7% during the 3rd quarter. DNB Asset Management AS now owns 2,581,589 shares of the technology company’s stock worth $91,182,000 after acquiring an additional 1,060,038 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Match Group from $35.00 to $34.00 and set a “hold” rating on the stock in a research note on Wednesday, February 4th. TD Cowen lifted their target price on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company began coverage on Match Group in a report on Tuesday, April 7th. They set an “equal weight” rating and a $30.00 target price on the stock. UBS Group reiterated a “neutral” rating on shares of Match Group in a report on Friday, March 13th. Finally, Morgan Stanley set a $35.00 target price on Match Group in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.00.
Match Group Price Performance
Shares of Match Group stock opened at $38.17 on Tuesday. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.36. The stock’s 50-day moving average is $32.42 and its 200-day moving average is $32.31. Match Group Inc. has a one year low of $26.80 and a one year high of $39.20.
Match Group (NASDAQ:MTCH – Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). The firm had revenue of $878.01 million during the quarter, compared to the consensus estimate of $872.86 million. Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. On average, equities analysts expect that Match Group Inc. will post 3.05 EPS for the current year.
About Match Group
Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.
Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.
Read More
Want to see what other hedge funds are holding MTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Match Group Inc. (NASDAQ:MTCH – Free Report).
Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.
