Kentucky Retirement Systems Has $608,000 Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Kentucky Retirement Systems lessened its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,020 shares of the technology company’s stock after selling 622 shares during the period. Kentucky Retirement Systems’ holdings in Match Group were worth $608,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. YHB Investment Advisors Inc. bought a new position in Match Group during the first quarter worth $28,000. Principal Securities Inc. bought a new stake in shares of Match Group in the fourth quarter valued at about $31,000. Mather Group LLC. acquired a new position in shares of Match Group in the first quarter valued at about $33,000. Fidelis Capital Partners LLC bought a new position in Match Group during the first quarter worth about $33,000. Finally, Riverview Trust Co bought 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.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $36.30 on Friday. The firm has a 50 day simple moving average of $35.58 and a 200 day simple moving average of $33.28. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.72 and a beta of 1.50. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The business’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 firm earned $0.48 EPS. As a group, analysts expect that Match Group, Inc. will post 1.98 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on MTCH. Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group boosted their price target on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a research note on Monday, August 5th. Evercore ISI upgraded Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus increased their target price on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Match Group has a consensus rating of “Moderate Buy” and an average price target of $42.07.

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.