Krilogy Financial LLC Purchases 7,873 Shares of Match Group, Inc. (NASDAQ:MTCH)

Krilogy Financial LLC lifted its position in shares of Match Group, Inc. (NASDAQ:MTCHGet Rating) by 220.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,450 shares of the technology company’s stock after acquiring an additional 7,873 shares during the quarter. Krilogy Financial LLC’s holdings in Match Group were worth $798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MTCH. BlackRock Inc. grew its stake in shares of Match Group by 16.8% during the 1st quarter. BlackRock Inc. now owns 27,564,956 shares of the technology company’s stock worth $2,997,413,000 after acquiring an additional 3,955,469 shares during the period. Flossbach Von Storch AG boosted its stake in Match Group by 327.0% in the 1st quarter. Flossbach Von Storch AG now owns 3,345,283 shares of the technology company’s stock worth $363,766,000 after purchasing an additional 2,561,793 shares during the period. Norges Bank bought a new position in Match Group in the 4th quarter worth about $324,212,000. Sustainable Growth Advisers LP boosted its stake in Match Group by 62.5% in the 1st quarter. Sustainable Growth Advisers LP now owns 3,571,215 shares of the technology company’s stock worth $388,334,000 after purchasing an additional 1,373,331 shares during the period. Finally, Lone Pine Capital LLC boosted its stake in Match Group by 14.1% in the 4th quarter. Lone Pine Capital LLC now owns 8,872,280 shares of the technology company’s stock worth $1,173,359,000 after purchasing an additional 1,098,413 shares during the period. Institutional investors own 94.43% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Bernard Jin Kim bought 16,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were acquired at an average cost of $63.58 per share, with a total value of $1,017,280.00. Following the completion of the acquisition, the chief executive officer now owns 16,000 shares of the company’s stock, valued at approximately $1,017,280. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Match Group Stock Performance

Shares of MTCH stock opened at $48.56 on Friday. The firm has a market cap of $13.87 billion, a P/E ratio of 151.75, a P/E/G ratio of 0.61 and a beta of 1.22. Match Group, Inc. has a fifty-two week low of $48.46 and a fifty-two week high of $182.00. The business’s 50 day moving average price is $62.98 and its 200-day moving average price is $76.56.

Match Group (NASDAQ:MTCHGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The firm had revenue of $794.51 million for the quarter, compared to analyst estimates of $802.13 million. Match Group had a negative return on equity of 164.13% and a net margin of 3.48%. As a group, equities analysts predict that Match Group, Inc. will post 2.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on MTCH. Oppenheimer cut their target price on Match Group from $100.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, August 4th. Susquehanna dropped their price target on Match Group from $100.00 to $85.00 and set a “positive” rating for the company in a research report on Thursday, August 4th. Morgan Stanley dropped their price target on Match Group from $150.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, August 4th. Truist Financial downgraded Match Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $145.00 to $68.00 in a research report on Wednesday, August 3rd. Finally, BTIG Research downgraded Match Group to a “neutral” rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $92.59.

About Match Group

(Get Rating)

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.

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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