126,689 Shares in Match Group, Inc. (NASDAQ:MTCH) Acquired by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC acquired a new position in Match Group, Inc. (NASDAQ:MTCH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 126,689 shares of the technology company's stock, valued at approximately $4,624,000.

Several other large investors also recently made changes to their positions in MTCH. Bronte Capital Management Pty Ltd. grew its stake in Match Group by 18.1% in the fourth quarter. Bronte Capital Management Pty Ltd. now owns 751,733 shares of the technology company's stock valued at $27,438,000 after acquiring an additional 115,135 shares during the period. Cullen Frost Bankers Inc. lifted its position in Match Group by 52.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,470 shares of the technology company's stock valued at $200,000 after acquiring an additional 1,889 shares in the last quarter. Gryphon Financial Partners LLC acquired a new position in Match Group in the 4th quarter worth $149,000. Charles Schwab Investment Management Inc. increased its holdings in Match Group by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,837 shares of the technology company's stock worth $90,040,000 after purchasing an additional 51,179 shares in the last quarter. Finally, Leuthold Group LLC acquired a new position in shares of Match Group during the fourth quarter worth about $4,782,000. Institutional investors own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MTCH shares. JPMorgan Chase & Co. lowered their price objective on shares of Match Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, February 1st. KeyCorp cut their price objective on shares of Match Group from $50.00 to $46.00 and set an "overweight" rating for the company in a research report on Monday. TD Cowen decreased their target price on Match Group from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday. The Goldman Sachs Group dropped their price target on Match Group from $47.00 to $37.00 and set a "buy" rating for the company in a report on Thursday. Finally, Royal Bank of Canada decreased their price objective on Match Group from $43.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.11.

Match Group Stock Up 0.4 %

NASDAQ MTCH traded up $0.11 on Friday, reaching $30.69. The company had a trading volume of 4,673,400 shares, compared to its average volume of 4,131,230. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $49.24. The stock has a market capitalization of $8.23 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.52 and a beta of 1.43. The company's fifty day moving average is $33.54 and its 200 day moving average is $34.28.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The company had revenue of $860.00 million for the quarter, compared to analyst estimates of $855.77 million. During the same period last year, the firm earned $0.42 earnings per share. The firm's revenue was up 9.3% on a year-over-year basis. On average, research analysts expect that Match Group, Inc. will post 2.16 EPS for the current year.

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.

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