California State Teachers Retirement System Has $15.30 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

California State Teachers Retirement System lowered its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,656 shares of the technology company’s stock after selling 8,614 shares during the quarter. California State Teachers Retirement System owned 0.16% of Match Group worth $15,298,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MTCH. Empirical Finance LLC raised its holdings in Match Group by 4.9% during the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock worth $254,000 after buying an additional 326 shares during the period. Greenwich Wealth Management LLC lifted its position in Match Group by 1.9% in the 4th quarter. Greenwich Wealth Management LLC now owns 19,170 shares of the technology company’s stock valued at $700,000 after acquiring an additional 361 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Match Group by 23.5% in 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 during the period. Arizona State Retirement System increased its holdings in Match Group by 0.6% during the 4th quarter. Arizona State Retirement System now owns 76,429 shares of the technology company’s stock worth $2,790,000 after purchasing an additional 459 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Match Group by 6.5% in the first quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock valued at $283,000 after purchasing an additional 478 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Raymond James started coverage on Match Group in a research report on Thursday, April 4th. They issued a “market perform” rating on the stock. Truist Financial raised their target price on shares of Match Group from $33.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. KeyCorp dropped their target price on Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Finally, The Goldman Sachs Group raised their price target on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Match Group presently has an average rating of “Moderate Buy” and an average target price of $43.22.

Match Group Trading Down 1.2 %

Shares of NASDAQ:MTCH opened at $37.13 on Friday. The firm has a 50 day moving average of $31.70 and a 200-day moving average of $33.45. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $47.81. The stock has a market capitalization of $9.86 billion, a PE ratio of 16.33, a PEG ratio of 0.65 and a beta of 1.48.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Match Group had a negative return on equity of 457.93% and a net margin of 18.72%. The firm had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts predict that Match Group, Inc. will post 2.08 EPS for the current fiscal year.

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.