Overbrook Management Corp Cuts Holdings in Match Group, Inc. (NASDAQ:MTCH)

Overbrook Management Corp trimmed its stake in Match Group, Inc. (NASDAQ:MTCH) by 44.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,707 shares of the technology company’s stock after selling 116,299 shares during the quarter. Match Group makes up 1.1% of Overbrook Management Corp’s holdings, making the stock its 23rd biggest position. Overbrook Management Corp owned approximately 0.05% of Match Group worth $5,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC purchased a new position in Match Group in the third quarter valued at about $40,000. Massmutual Trust Co. FSB ADV boosted its stake in Match Group by 46.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after acquiring an additional 361 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Match Group by 432.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock valued at $49,000 after buying an additional 1,089 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Match Group during the 4th quarter valued at approximately $55,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Match Group during the 3rd quarter valued at approximately $62,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTCH. JPMorgan Chase & Co. dropped their price target on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. KeyCorp upped their price target on shares of Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. UBS Group upped their target price on shares of Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Citigroup upped their target price on shares of Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Match Group has an average rating of “Hold” and an average target price of $43.07.

Match Group Stock Down 0.8 %

Shares of Match Group stock traded down $0.25 during trading on Thursday, reaching $31.69. The company’s stock had a trading volume of 4,374,348 shares, compared to its average volume of 5,715,566. Match Group, Inc. has a 52-week low of $27.85 and a 52-week high of $49.24. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.51 and a beta of 1.41. The firm’s 50-day moving average is $34.61 and its two-hundred day moving average is $34.65.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The company had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $861.31 million. During the same quarter in the prior year, the company earned $0.30 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts anticipate that Match Group, Inc. will post 2.16 EPS for the current year.

Match Group Company 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.