Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,756 shares of the technology company's stock after selling 28,168 shares during the period. Vontobel Holding Ltd. owned approximately 0.05% of Match Group worth $5,138,000 as of its most recent SEC filing.

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

Match Group Stock Performance

Shares of MTCH traded down $0.06 during mid-day trading on Thursday, reaching $32.22. The stock had a trading volume of 3,830,738 shares, compared to its average volume of 5,856,876. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.51 and a beta of 1.41. Match Group, Inc. has a 12 month low of $27.85 and a 12 month high of $49.24. The business has a fifty day moving average of $35.06 and a 200 day moving average of $34.85.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.32. The business had revenue of $866.00 million during 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 was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. On average, research analysts forecast that Match Group, Inc. will post 2.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on MTCH. JPMorgan Chase & Co. dropped their price objective on shares of 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 lifted their target price on shares of Match Group from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, January 26th. KeyCorp lifted 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. Piper Sandler reissued an "overweight" rating and set a $45.00 price objective on shares of Match Group in a report on Wednesday, March 27th. Finally, Morgan Stanley cut shares of Match Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $53.00 to $37.00 in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $43.95.

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.