Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 152,248 shares of the technology company's stock after selling 42,109 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Match Group worth $5,557,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MTCH. Strs Ohio boosted its stake in Match Group by 50.0% in the 4th quarter. Strs Ohio now owns 97,500 shares of the technology company's stock worth $3,558,000 after purchasing an additional 32,500 shares during the period. Lecap Asset Management Ltd. bought a new position in Match Group in the 4th quarter worth about $2,274,000. Louisiana State Employees Retirement System bought a new stake in shares of Match Group during the fourth quarter valued at approximately $599,000. NewEdge Wealth LLC bought a new stake in shares of Match Group during the fourth quarter valued at approximately $240,000. Finally, Krilogy Financial LLC boosted its position in shares of Match Group by 42.0% during the fourth quarter. Krilogy Financial LLC now owns 15,529 shares of the technology company's stock valued at $567,000 after purchasing an additional 4,591 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Match Group Stock Performance

MTCH traded down $0.22 during trading on Monday, hitting $31.96. 3,590,547 shares of the stock were exchanged, compared to its average volume of 5,803,900. The firm has a 50 day simple moving average of $35.00 and a 200 day simple moving average of $34.77. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.51 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 released its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The company had revenue of $866.00 million for the quarter, compared to the consensus estimate of $861.31 million. During the same period last year, the business posted $0.30 EPS. Match Group's quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities analysts anticipate that Match Group, Inc. will post 2.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on MTCH. StockNews.com downgraded Match Group from a "buy" rating to a "hold" rating in a report on Thursday, April 4th. Citigroup boosted 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. JPMorgan Chase & Co. reduced their price objective on Match Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, February 1st. Raymond James started coverage on Match Group in a research report on Thursday, April 4th. They issued a "market perform" rating for the company. Finally, Piper Sandler restated an "overweight" rating and issued a $45.00 price target on shares of Match Group in a research report on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $43.07.

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.