Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its position in Match Group, Inc. (NASDAQ:MTCH) by 66.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,349 shares of the technology company’s stock after selling 18,767 shares during the quarter. Bleakley Financial Group LLC’s holdings in Match Group were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vontobel Holding Ltd. raised its stake in shares of Match Group by 5.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 55,206 shares of the technology company’s stock valued at $2,089,000 after purchasing an additional 3,084 shares in the last quarter. Sumitomo Life Insurance Co. raised its stake in shares of Match Group by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 10,647 shares of the technology company’s stock valued at $403,000 after purchasing an additional 297 shares in the last quarter. Swedbank AB raised its stake in shares of Match Group by 25.6% in the 3rd quarter. Swedbank AB now owns 620,900 shares of the technology company’s stock valued at $23,495,000 after purchasing an additional 126,400 shares in the last quarter. Creative Planning raised its stake in shares of Match Group by 35.1% in the 3rd quarter. Creative Planning now owns 17,149 shares of the technology company’s stock valued at $649,000 after purchasing an additional 4,460 shares in the last quarter. Finally, CX Institutional acquired a new stake in shares of Match Group in the 3rd quarter valued at about $215,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

MTCH has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Wolfe Research began coverage on shares of Match Group in a research report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Evercore ISI raised shares of Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.78.

Match Group Trading Down 0.2 %

Shares of NASDAQ:MTCH opened at $37.76 on Wednesday. The company has a 50 day moving average of $36.84 and a 200-day moving average of $33.69. The firm has a market cap of $9.74 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.80 and a beta of 1.51. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The company 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%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. Equities research analysts forecast that Match Group, Inc. will post 1.96 EPS for the current year.

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.