Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG lowered its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 93.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 504,956 shares of the technology company’s stock after selling 6,769,700 shares during the period. Flossbach Von Storch AG’s holdings in Match Group were worth $18,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Match Group by 5.6% during the first quarter. BlackRock Inc. now owns 35,749,193 shares of the technology company’s stock worth $1,372,412,000 after purchasing an additional 1,889,531 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Match Group by 1.7% during the first quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock worth $3,170,951,000 after purchasing an additional 500,418 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Match Group by 107,412.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,731,116 shares of the technology company’s stock worth $984,604,000 after purchasing an additional 23,709,043 shares in the last quarter. State Street Corp increased its position in shares of Match Group by 0.5% during the first quarter. State Street Corp now owns 12,492,462 shares of the technology company’s stock worth $1,358,430,000 after purchasing an additional 58,027 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Match Group by 34.7% during the third quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company’s stock worth $324,174,000 after purchasing an additional 2,130,646 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Up 1.7 %

Shares of Match Group stock traded up $0.55 during trading on Wednesday, hitting $32.28. 3,651,957 shares of the company were exchanged, compared to its average volume of 5,884,258. The firm has a 50 day moving average price of $35.12 and a 200 day moving average price of $34.87. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.51 and a beta of 1.41. Match Group, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $49.24.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.32. The company had revenue of $866.00 million during the quarter, compared to the consensus estimate of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. Match Group’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. Analysts predict that Match Group, Inc. will post 2.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MTCH shares. Raymond James started coverage on Match Group in a report on Thursday, April 4th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. lowered their price target on Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. KeyCorp raised their price target on Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Piper Sandler reissued an “overweight” rating and set a $45.00 price target on shares of Match Group in a report on Wednesday, March 27th. Finally, Citigroup raised their price target on Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Match Group presently has an average rating of “Moderate Buy” and a consensus price target of $46.39.

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.