Cypress Capital LLC reduced its holdings in shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,260 shares of the technology company’s stock after selling 2,688 shares during the quarter. Cypress Capital LLC’s holdings in Match Group were worth $1,333,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp bought a new position in Match Group during the fourth quarter worth $25,000. Tyler Stone Wealth Management bought a new position in Match Group during the fourth quarter worth $27,000. Tsfg LLC lifted its stake in Match Group by 181.1% during the first quarter. Tsfg LLC now owns 253 shares of the technology company’s stock worth $28,000 after purchasing an additional 163 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in Match Group during the first quarter worth $28,000. Finally, Prospera Financial Services Inc bought a new position in Match Group during the first quarter worth $29,000. 96.11% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on MTCH shares. Piper Sandler reduced their price objective on Match Group from $125.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday. Susquehanna Bancshares reduced their price objective on Match Group from $100.00 to $85.00 and set a “positive” rating on the stock in a research note on Thursday. Morgan Stanley reduced their price objective on Match Group from $150.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com cut Match Group from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Oppenheimer cut their target price on Match Group from $100.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $98.86.
Insider Buying and Selling
Match Group Stock Up 1.9 %
NASDAQ:MTCH opened at $67.78 on Friday. The business’s 50-day moving average price is $73.31 and its 200 day moving average price is $88.77. The firm has a market cap of $19.36 billion, a P/E ratio of 211.82, a PEG ratio of 0.61 and a beta of 1.15. Match Group, Inc. has a 52-week low of $59.15 and a 52-week high of $182.00.
Match Group (NASDAQ:MTCH – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $798.63 million for the quarter, compared to analysts’ expectations of $795.03 million. Match Group had a negative return on equity of 164.13% and a net margin of 3.48%. Match Group’s revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. Sell-side analysts expect that Match Group, Inc. will post 2.63 EPS for the current year.
About Match Group
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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