Danske Bank A S Sells 37,084 Shares of Match Group Inc. $MTCH

Key Points

• Danske Bank reduced its stake in Match Group by 11.9% in Q4, selling 37,084 shares and leaving it with 273,866 shares (about 0.12% of the company) worth roughly $8.84 million.
• Match Group missed Q4 EPS expectations, reporting $0.83 versus a $1.00 consensus while revenue of $878.0 million slightly beat estimates; the company posted a 17.6% net margin but a deeply negative return on equity (-289.29%).
• Analyst sentiment is mixed: five Buy and nine Hold ratings lead to an average rating of "Hold" and an average price target of $37.00, though some brokers have raised targets as high as $44.00.

Danske Bank A S decreased its position in Match Group Inc. (NASDAQ:MTCH - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 273,866 shares of the technology company's stock after selling 37,084 shares during the quarter. Danske Bank A S owned 0.12% of Match Group worth $8,843,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bollard Group LLC grew its position in Match Group by 0.6% during the 3rd quarter. Bollard Group LLC now owns 54,875 shares of the technology company's stock worth $1,938,000 after acquiring an additional 317 shares during the last quarter. True Wealth Design LLC grew its position in Match Group by 12.8% during the 4th quarter. True Wealth Design LLC now owns 2,813 shares of the technology company's stock worth $91,000 after acquiring an additional 320 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Match Group by 8.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company's stock worth $133,000 after acquiring an additional 326 shares during the last quarter. Bessemer Group Inc. grew its holdings in Match Group by 2.8% during the 3rd quarter. Bessemer Group Inc. now owns 12,281 shares of the technology company's stock worth $432,000 after acquiring an additional 333 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in Match Group by 6.0% during the 4th quarter. Mather Group LLC. now owns 6,477 shares of the technology company's stock worth $209,000 after acquiring an additional 364 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Match Group Trading Down 1.3%

Shares of NASDAQ MTCH opened at $38.17 on Tuesday. The firm has a market capitalization of $8.88 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.36. Match Group Inc. has a 1 year low of $26.80 and a 1 year high of $39.20. The firm's 50-day moving average is $32.42 and its 200-day moving average is $32.31.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.17). The business had revenue of $878.01 million during the quarter, compared to the consensus estimate of $872.86 million. Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS. As a group, equities research analysts anticipate that Match Group Inc. will post 3.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on MTCH. Wall Street Zen raised shares of Match Group from a "hold" rating to a "buy" rating in a report on Sunday, April 26th. TD Cowen increased their price objective on shares of Match Group from $37.00 to $44.00 and gave the stock a "buy" rating in a report on Monday. Morgan Stanley set a $35.00 price objective on shares of Match Group in a report on Wednesday, February 4th. Wolfe Research set a $43.00 price objective on Match Group and gave the company an "outperform" rating in a research report on Monday, January 5th. Finally, UBS Group reiterated a "neutral" rating on shares of Match Group in a research report on Friday, March 13th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.00.

About Match Group

Match Group, Inc NASDAQ: MTCH is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.

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