Nisa Investment Advisors LLC Sells 25,098 Shares of Match Group, Inc. (NASDAQ:MTCH)

Nisa Investment Advisors LLC trimmed its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 45.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,010 shares of the technology company's stock after selling 25,098 shares during the period. Nisa Investment Advisors LLC's holdings in Match Group were worth $1,095,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its position in Match Group by 107,412.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,731,116 shares of the technology company's stock worth $984,604,000 after purchasing an additional 23,709,043 shares during the period. Boston Partners bought a new stake in shares of Match Group during the 3rd quarter valued at $276,406,000. Norges Bank purchased a new stake in shares of Match Group in the 4th quarter worth $120,129,000. Wellington Management Group LLP raised its holdings in Match Group by 34.7% in the 3rd quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company's stock worth $324,174,000 after purchasing an additional 2,130,646 shares during the period. Finally, BlackRock Inc. lifted its position in Match Group by 5.6% during the first quarter. BlackRock Inc. now owns 35,749,193 shares of the technology company's stock valued at $1,372,412,000 after purchasing an additional 1,889,531 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Match Group Stock Down 0.7 %

Shares of Match Group stock traded down $0.23 on Tuesday, hitting $31.73. 3,809,136 shares of the company were exchanged, compared to its average volume of 5,914,818. The company has a 50-day moving average price of $35.25 and a 200 day moving average price of $34.94. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.52 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.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its 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 company had revenue of $866.00 million for the quarter, compared to the consensus estimate of $861.31 million. During the same period in the previous year, the firm earned $0.30 earnings per share. Match Group's quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts forecast that Match Group, Inc. will post 2.17 EPS for the current year.

Analyst Upgrades and Downgrades

MTCH has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Match Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Thursday, February 1st. UBS Group upped their price target on shares of Match Group from $35.00 to $38.00 and gave the stock a "neutral" rating in a research report on Friday, January 26th. KeyCorp raised their price objective 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 report on Thursday, April 4th. They issued a "market perform" rating for the company. Finally, StockNews.com lowered Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Match Group presently has an average rating of "Moderate Buy" and a consensus price target of $46.39.

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.