Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in Match Group, Inc. (NASDAQ:MTCHGet Rating) by 19.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,331,688 shares of the technology company’s stock after selling 327,233 shares during the period. Franklin Resources Inc.’s holdings in Match Group were worth $92,806,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MTCH. Prospera Financial Services Inc acquired a new position in shares of Match Group in the first quarter valued at approximately $29,000. Zions Bancorporation N.A. increased its holdings in shares of Match Group by 122.3% in the second 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. SeaCrest Wealth Management LLC acquired a new position in shares of Match Group in the second quarter valued at approximately $30,000. GW&K Investment Management LLC acquired a new position in shares of Match Group in the first quarter valued at approximately $37,000. Finally, Institutional & Family Asset Management LLC increased its holdings in shares of Match Group by 42.1% in the second 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. Institutional investors and hedge funds own 94.43% of the company’s stock.

Match Group Stock Up 2.1 %

Shares of NASDAQ:MTCH opened at $48.27 on Thursday. Match Group, Inc. has a 52-week low of $40.23 and a 52-week high of $141.40. The stock’s fifty day simple moving average is $47.39 and its 200-day simple moving average is $61.94. The company has a market capitalization of $13.48 billion, a P/E ratio of 146.28, a P/E/G ratio of 1.15 and a beta of 1.16.

Match Group (NASDAQ:MTCHGet Rating) last issued 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. On average, sell-side analysts anticipate that Match Group, Inc. will post 1.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Evercore ISI dropped their price objective on Match Group to $65.00 in a report on Thursday, October 13th. Susquehanna Bancshares dropped their price objective on Match Group from $100.00 to $85.00 and set a “positive” rating on the stock in a report on Thursday, August 4th. The Goldman Sachs Group dropped their price objective on Match Group from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 18th. BTIG Research lowered Match Group to a “neutral” rating in a report on Tuesday, August 9th. Finally, StockNews.com raised Match Group from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and an average price target of $85.13.

Match Group Profile

(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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