Vontobel Holding Ltd. Sells 28,168 Shares of Match Group, Inc. (NASDAQ:MTCH)

Vontobel Holding Ltd. decreased its stake in Match Group, Inc. (NASDAQ:MTCH) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,756 shares of the technology company’s stock after selling 28,168 shares during the period. Vontobel Holding Ltd. owned 0.05% of Match Group worth $5,138,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in MTCH. Moneta Group Investment Advisors LLC raised its position in Match Group by 107,412.0% in 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 bought a new stake in Match Group in the third quarter worth about $276,406,000. Norges Bank bought a new stake in Match Group in the fourth quarter worth about $120,129,000. Wellington Management Group LLP raised its position in Match Group by 34.7% in 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. raised its position in Match Group by 5.6% in the first quarter. BlackRock Inc. now owns 35,749,193 shares of the technology company’s stock worth $1,372,412,000 after acquiring an additional 1,889,531 shares during the period. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Raymond James assumed coverage on shares of Match Group in a research report on Thursday, April 4th. They issued a “market perform” rating on the stock. Piper Sandler reissued an “overweight” rating and issued a $45.00 price target on shares of Match Group in a research report on Wednesday, March 27th. Citigroup boosted their price target on shares of Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Finally, StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.01.

Match Group Price Performance

MTCH stock opened at $32.28 on Thursday. Match Group, Inc. has a one year low of $27.85 and a one year high of $49.24. The stock has a market cap of $8.65 billion, a PE ratio of 14.16, a P/E/G ratio of 0.51 and a beta of 1.41. The firm has a 50 day simple moving average of $35.12 and a two-hundred day simple moving average of $34.87.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping 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 business had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $861.31 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, research analysts expect that Match Group, Inc. will post 2.17 EPS for the current fiscal year.

Match Group 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.