Pacer Advisors Inc. lessened its stake in shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 99.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 645 shares of the technology company’s stock after selling 208,482 shares during the period. Pacer Advisors Inc.’s holdings in Match Group were worth $27,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in MTCH. Acadian Asset Management LLC increased its holdings in shares of Match Group by 73.8% during the 1st quarter. Acadian Asset Management LLC now owns 2,082 shares of the technology company’s stock worth $224,000 after purchasing an additional 884 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Match Group by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 840,248 shares of the technology company’s stock valued at $91,374,000 after acquiring an additional 26,902 shares during the period. Aviva PLC lifted its holdings in Match Group by 4.0% during the 1st quarter. Aviva PLC now owns 90,746 shares of the technology company’s stock valued at $9,868,000 after purchasing an additional 3,455 shares during the last quarter. Prudential PLC bought a new stake in Match Group during the 1st quarter worth approximately $279,000. Finally, Vanguard Group Inc. boosted its stake in Match Group by 1.7% in 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. 93.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on MTCH. Barclays lowered their price target on shares of Match Group from $52.00 to $50.00 in a report on Thursday. Piper Sandler boosted their price objective on shares of Match Group from $20.00 to $27.00 in a research report on Tuesday, February 7th. Oppenheimer cut shares of Match Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 1st. KeyCorp reduced their price objective on Match Group from $75.00 to $60.00 in a report on Monday, May 1st. Finally, Susquehanna dropped their price objective on Match Group from $70.00 to $48.00 in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.57.
Match Group Price Performance
NASDAQ:MTCH opened at $33.22 on Monday. The stock’s fifty day moving average price is $36.94 and its two-hundred day moving average price is $42.52. The company has a market cap of $9.28 billion, a P/E ratio of 31.64, a P/E/G ratio of 0.64 and a beta of 1.34. Match Group, Inc. has a 1 year low of $32.87 and a 1 year high of $87.46.
Match Group (NASDAQ:MTCH – Get Rating) last posted its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $787.12 million for the quarter, compared to analysts’ expectations of $794.06 million. Match Group had a net margin of 9.51% and a negative return on equity of 116.87%. Match Group’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. On average, analysts expect that Match Group, Inc. will post 2.01 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Match Group news, insider Jared F. Sine sold 7,110 shares of Match Group stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $41.27, for a total value of $293,429.70. Following the completion of the transaction, the insider now directly owns 60,379 shares of the company’s stock, valued at $2,491,841.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.
About Match Group
Match Group, Inc engages in the provision of dating products. It operates under the brand name Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime. The company was founded on February 12, 2009 and is headquartered in Dallas, TX.