Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 28.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,556 shares of the technology company’s stock after selling 14,865 shares during the period. Heritage Investors Management Corp’s holdings in Match Group were worth $1,371,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC increased its holdings in Match Group by 17.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,767 shares of the technology company’s stock worth $461,000 after purchasing an additional 1,770 shares during the period. Nordea Investment Management AB grew its holdings in Match Group by 22.4% during the 4th quarter. Nordea Investment Management AB now owns 1,045,186 shares of the technology company’s stock worth $37,961,000 after acquiring an additional 191,615 shares in the last quarter. Scharf Investments LLC acquired a new position in Match Group during the 4th quarter worth approximately $31,526,000. American Century Companies Inc. increased its position in shares of Match Group by 13.9% in the 3rd quarter. American Century Companies Inc. now owns 1,509,954 shares of the technology company’s stock valued at $59,152,000 after purchasing an additional 184,325 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Match Group by 4,348.2% in the 4th quarter. International Assets Investment Management LLC now owns 79,935 shares of the technology company’s stock valued at $2,918,000 after purchasing an additional 78,138 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Stock Performance

MTCH stock traded up $0.76 during trading on Thursday, reaching $30.58. 6,999,120 shares of the company were exchanged, compared to its average volume of 5,814,440. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $49.24. The company has a market cap of $8.20 billion, a P/E ratio of 13.41, a PEG ratio of 0.51 and a beta of 1.43. The stock’s 50 day moving average price is $33.65 and its 200 day moving average price is $34.31.

Match Group (NASDAQ:MTCH) last released its quarterly 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. The business had revenue of $860.00 million for the quarter, compared to analysts’ expectations of $855.77 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, equities research analysts forecast that Match Group, Inc. will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup increased their target price on Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. StockNews.com raised shares of Match Group from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Raymond James began coverage on shares of Match Group in a research report on Thursday, April 4th. They issued a “market perform” rating on the stock. Wells Fargo & Company decreased their price objective on shares of Match Group from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Match Group from $42.00 to $38.00 and set a “buy” rating for the company in a report on Thursday. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.11.

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.