Barclays PLC Sells 147,751 Shares of Match Group, Inc. (NASDAQ:MTCH)

Barclays PLC trimmed its position in shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 31.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,730 shares of the technology company’s stock after selling 147,751 shares during the period. Barclays PLC owned 0.11% of Match Group worth $15,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Institutional & Family Asset Management LLC raised its position in shares of Match Group by 42.1% during the 2nd quarter. Institutional & Family Asset Management LLC now owns 577 shares of the technology company’s stock valued at $40,000 after purchasing an additional 171 shares during the period. Capital Impact Advisors LLC raised its position in shares of Match Group by 3.4% during the 2nd quarter. Capital Impact Advisors LLC now owns 5,720 shares of the technology company’s stock valued at $399,000 after purchasing an additional 189 shares during the period. Zions Bancorporation N.A. raised its position in shares of Match Group by 122.3% during the 2nd quarter. Zions Bancorporation N.A. now owns 409 shares of the technology company’s stock valued at $29,000 after purchasing an additional 225 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Match Group by 7.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,104 shares of the technology company’s stock valued at $217,000 after purchasing an additional 225 shares during the period. Finally, Allworth Financial LP raised its position in shares of Match Group by 38.9% during the 3rd quarter. Allworth Financial LP now owns 817 shares of the technology company’s stock valued at $39,000 after purchasing an additional 229 shares during the period. 93.53% of the stock is currently owned by institutional investors.

Match Group Price Performance

Match Group stock opened at $50.85 on Wednesday. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 154.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.24. Match Group, Inc. has a 1 year low of $38.64 and a 1 year high of $121.49. The firm has a 50-day moving average of $44.89 and a two-hundred day moving average of $52.25.

Match Group (NASDAQ:MTCH – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The technology company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). Match Group had a net margin of 3.39% and a negative return on equity of 94.07%. The company had revenue of $809.55 million during the quarter, compared to analysts’ expectations of $793.03 million. Research analysts expect that Match Group, Inc. will post 1.4 earnings per share for the current year.

Analyst Ratings Changes

MTCH has been the topic of a number of research reports. KeyCorp lifted their price target on shares of Match Group from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, November 3rd. Needham & Company LLC initiated coverage on shares of Match Group in a report on Tuesday, January 3rd. They issued a “buy” rating on the stock. Truist Financial reduced their price target on shares of Match Group from $68.00 to $56.00 and set a “hold” rating on the stock in a report on Monday, October 24th. JPMorgan Chase & Co. reduced their price target on shares of Match Group from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, November 3rd. Finally, Loop Capital lifted their price target on shares of Match Group from $45.00 to $50.00 in a report on Tuesday. Eight analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.72.

About Match Group

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Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.