Match Group, Inc. (NASDAQ:MTCH) Stake Cut by Cwm LLC

Cwm LLC reduced its holdings in Match Group, Inc. (NASDAQ:MTCH) by 6.3% in the 4th quarter, Holdings Channel reports. The fund owned 109,503 shares of the technology company’s stock after selling 7,378 shares during the period. Cwm LLC’s holdings in Match Group were worth $3,997,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC purchased a new stake in shares of Match Group during the 3rd quarter worth about $40,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Match Group by 46.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock worth $42,000 after purchasing 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% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,089 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Match Group during the 3rd quarter worth about $62,000. Finally, Global Retirement Partners LLC raised its stake in shares of Match Group by 23.5% during the 4th quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock worth $79,000 after purchasing an additional 410 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Trading Up 0.8 %

Shares of NASDAQ:MTCH opened at $31.94 on Thursday. The firm has a market capitalization of $8.56 billion, a PE ratio of 14.01, a PEG 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 business’s 50 day moving average is $34.73 and its 200-day moving average is $34.67.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.49 by $0.32. The business had revenue of $866.00 million during the quarter, compared to the consensus estimate of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. Match Group’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, sell-side analysts predict that Match Group, Inc. will post 2.16 EPS for the current year.

Analyst Ratings Changes

MTCH has been the topic of a number of analyst reports. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lowered their price objective on Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Raymond James initiated coverage on Match Group in a report on Thursday, April 4th. They set a “market perform” rating on the stock. Citigroup increased their price objective on Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, KeyCorp increased their price objective on Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Match Group has a consensus rating of “Hold” and an average target price of $43.07.

Match Group Company 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.