Sumitomo Mitsui Trust Holdings Inc. Has $21.26 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 582,423 shares of the technology company’s stock after selling 4,227 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.21% of Match Group worth $21,258,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. VisionPoint Advisory Group LLC acquired a new position in shares of Match Group in the 3rd quarter valued at $40,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Match Group by 46.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after buying an additional 361 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Match Group by 432.1% in 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. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Match Group in the 3rd quarter valued at $62,000. Finally, Global Retirement Partners LLC raised its stake in shares of Match Group by 23.5% in the 4th quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock valued at $79,000 after buying an additional 410 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTCH. Piper Sandler restated an “overweight” rating and issued a $45.00 price objective on shares of Match Group in a research note on Wednesday, March 27th. Raymond James assumed coverage on shares of Match Group in a report on Thursday, April 4th. They issued a “market perform” rating on the stock. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lowered their target price on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Finally, KeyCorp upped their target price on shares of Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.07.

Match Group Trading Down 0.7 %

Shares of NASDAQ MTCH opened at $31.96 on Tuesday. The firm has a market capitalization of $8.57 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 0.51 and a beta of 1.41. Match Group, Inc. has a 1 year low of $27.85 and a 1 year high of $49.24. The firm’s 50-day moving average is $34.89 and its 200-day moving average is $34.73.

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