Tredje AP fonden Lowers Position in Match Group, Inc. (NASDAQ:MTCH)

Tredje AP fonden reduced its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,360 shares of the technology company’s stock after selling 668 shares during the period. Tredje AP fonden’s holdings in Match Group were worth $1,317,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MTCH. YHB Investment Advisors Inc. purchased a new position in shares of Match Group during the 1st quarter worth approximately $28,000. Principal Securities Inc. acquired a new stake in shares of Match Group in the fourth quarter valued at about $31,000. Mather Group LLC. purchased a new stake in Match Group during the first quarter worth about $33,000. Fidelis Capital Partners LLC acquired a new position in Match Group during the first quarter worth about $33,000. Finally, Riverview Trust Co acquired a new position in Match Group during the first quarter worth about $57,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTCH. Truist Financial boosted their price target on Match Group from $33.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Citigroup upped their target price on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada raised their price target on Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $38.00 price objective on shares of Match Group in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their target price on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.07.

Match Group Price Performance

MTCH opened at $36.30 on Friday. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The business has a 50-day moving average of $35.58 and a two-hundred day moving average of $33.29. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 0.72 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $864.07 million during the quarter, compared to analyst estimates of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. Match Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. Equities research analysts anticipate that Match Group, Inc. will post 1.98 earnings per share 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.