PNC Financial Services Group Inc. Sells 3,332 Shares of Match Group, Inc. (NASDAQ:MTCH)

PNC Financial Services Group Inc. lessened its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,730 shares of the technology company’s stock after selling 3,332 shares during the period. PNC Financial Services Group Inc.’s holdings in Match Group were worth $903,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of Match Group during the fourth quarter worth approximately $31,000. VisionPoint Advisory Group LLC bought a new stake in shares of Match Group during the third quarter worth approximately $40,000. 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 acquiring an additional 361 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings 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 acquiring an additional 1,089 shares during the period. Finally, GAMMA Investing LLC bought a new stake in shares of Match Group during the fourth quarter worth approximately $55,000. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Down 0.7 %

Shares of Match Group stock opened at $30.80 on Tuesday. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 0.51 and a beta of 1.46. The company’s fifty day moving average is $31.07 and its 200 day moving average is $34.03. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $49.24.

Match Group (NASDAQ:MTCH) last posted 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. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The company had revenue of $860.00 million for the quarter, compared to analyst estimates of $855.77 million. During the same quarter in the prior year, the business posted $0.42 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that Match Group, Inc. will post 2.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group cut their price target on Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Morgan Stanley cut Match Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $53.00 to $37.00 in a research note on Thursday, April 18th. Royal Bank of Canada cut 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. TD Cowen cut their price target on Match Group from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, Wells Fargo & Company cut their price target on Match Group from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Match Group presently has an average rating of “Moderate Buy” and a consensus target price 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.