Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its holdings in Match Group, Inc. (NASDAQ:MTCH) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,110 shares of the technology company’s stock after selling 726 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Match Group were worth $732,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MTCH. Gryphon Financial Partners LLC purchased a new position in Match Group in the 4th quarter worth about $149,000. Principal Securities Inc. purchased a new position in shares of Match Group in the fourth quarter worth approximately $31,000. Dimensional Fund Advisors LP raised its holdings in shares of Match Group by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,227,300 shares of the technology company’s stock valued at $44,799,000 after acquiring an additional 85,775 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Match Group by 43.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,699 shares of the technology company’s stock valued at $2,836,000 after acquiring an additional 23,537 shares in the last quarter. Finally, Norges Bank acquired a new position in Match Group in the 4th quarter worth approximately $112,903,000. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Morgan Stanley reduced their price objective on Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price on the stock in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Finally, Evercore ISI raised shares of Match Group to a “strong-buy” rating in a research 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

Match Group Stock Down 1.5 %

Shares of Match Group stock 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 stock has a 50 day moving average price of $35.58 and a two-hundred day moving average price of $33.28. The stock has a market capitalization of $9.64 billion, a P/E ratio of 15.78, a PEG ratio of 0.72 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The business had revenue of $864.07 million during the quarter, compared to the consensus estimate of $856.51 million. Match Group’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. Sell-side 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.