Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Delta Financial Advisors LLC

Delta Financial Advisors LLC lessened its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,341 shares of the technology company’s stock after selling 1,584 shares during the quarter. Delta Financial Advisors LLC’s holdings in Match Group were worth $268,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTCH. 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 acquiring an additional 23,709,043 shares during the period. Boston Partners purchased a new stake in shares of Match Group during the third quarter worth $276,406,000. Norges Bank purchased a new stake in shares of Match Group during the fourth quarter worth $120,129,000. 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 acquiring an additional 2,130,646 shares during the period. Finally, BlackRock Inc. grew its stake 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. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Up 1.1 %

Shares of MTCH stock traded up $0.34 during mid-day trading on Thursday, reaching $32.62. The company’s stock had a trading volume of 1,579,933 shares, compared to its average volume of 5,826,236. The company’s 50 day simple moving average is $35.12 and its 200-day simple moving average is $34.87. Match Group, Inc. has a 12-month low of $27.85 and a 12-month high of $49.24. The firm has a market capitalization of $8.74 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.51 and a beta of 1.41.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on MTCH shares. UBS Group boosted their target price on shares of Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Raymond James started coverage on shares of Match Group in a report on Thursday, April 4th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. reduced their target price on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. Citigroup upped their target price on shares of Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, Morgan Stanley cut shares of Match Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $53.00 to $37.00 in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.95.

About Match Group

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.