Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 32.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,500 shares of the technology company's stock after purchasing an additional 59,630 shares during the period. Kornitzer Capital Management Inc. KS owned 0.09% of Match Group worth $8,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cornerstone Investment Partners LLC raised its position in Match Group by 29.0% during the 4th quarter. Cornerstone Investment Partners LLC now owns 15,588 shares of the technology company's stock valued at $569,000 after purchasing an additional 3,500 shares during the last quarter. Strs Ohio grew its holdings in shares of Match Group by 50.0% during the 4th quarter. Strs Ohio now owns 97,500 shares of the technology company's stock worth $3,558,000 after acquiring an additional 32,500 shares during the period. Lecap Asset Management Ltd. purchased a new position in shares of Match Group during the 4th quarter worth approximately $2,274,000. Louisiana State Employees Retirement System purchased a new position in shares of Match Group during the 4th quarter worth approximately $599,000. Finally, NewEdge Wealth LLC purchased a new position in shares of Match Group during the 4th quarter worth approximately $240,000. Institutional investors own 94.05% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MTCH shares. UBS Group upped their target price on Match Group from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, January 26th. KeyCorp upped their target price on Match Group from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Citigroup upped their target price on Match Group from $32.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, February 1st. Morgan Stanley downgraded Match Group from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $53.00 to $37.00 in a research note on Thursday. Finally, Raymond James started coverage on Match Group in a research note on Thursday, April 4th. They issued a "market perform" rating on the stock. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.95.

Match Group Stock Performance

NASDAQ:MTCH traded down $0.04 during trading hours on Friday, reaching $32.18. The company's stock had a trading volume of 4,043,751 shares, compared to its average volume of 4,150,821. The company has a market capitalization of $8.62 billion, a P/E ratio of 14.11, a price-to-earnings-growth 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 stock has a 50 day moving average price of $35.00 and a two-hundred day moving average price of $34.79.

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

About Match Group

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.