7,163 Shares in Match Group, Inc. (NASDAQ:MTCH) Bought by SageView Advisory Group LLC

SageView Advisory Group LLC purchased a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,163 shares of the technology company’s stock, valued at approximately $270,000.

A number of other large investors have also added to or reduced their stakes in MTCH. Principal Securities Inc. purchased a new stake in shares of Match Group during the fourth quarter worth about $31,000. VisionPoint Advisory Group LLC bought a new position in Match Group during the 3rd quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV lifted its holdings in Match Group by 46.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock worth $42,000 after buying an additional 361 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Match Group by 432.1% in the 4th 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 last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Match Group during the fourth quarter valued at approximately $55,000. Institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

MTCH stock opened at $30.29 on Friday. The stock has a market capitalization of $8.05 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.51 and a beta of 1.46. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $49.24. The business has a fifty day moving average price of $31.12 and a 200-day moving average price of $34.04.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $860.00 million during the quarter, compared to analyst estimates of $855.77 million. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. Match Group’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. As a group, analysts anticipate that Match Group, Inc. will post 2.11 earnings per share for the current year.

Analysts Set New Price Targets

MTCH has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price target on Match Group from $43.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Morgan Stanley cut shares of Match Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. TD Cowen decreased their price target on shares of Match Group from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. UBS Group cut their price objective on Match Group from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group decreased their target price on Match Group from $47.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.43.

Match Group Company 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.