Charles Schwab Investment Management Inc. Buys 51,179 Shares of Match Group, Inc. (NASDAQ:MTCH)

Charles Schwab Investment Management Inc. increased its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,466,837 shares of the technology company's stock after acquiring an additional 51,179 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.91% of Match Group worth $90,040,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MTCH. VisionPoint Advisory Group LLC acquired a new stake in Match Group during the 3rd quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV raised its holdings in Match Group by 46.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company's stock worth $42,000 after buying an additional 361 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Match Group by 432.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company's stock worth $49,000 after buying an additional 1,089 shares during the period. GAMMA Investing LLC acquired a new stake in Match Group during the 4th quarter worth approximately $55,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Match Group during the 3rd quarter worth approximately $62,000. Institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MTCH shares. Citigroup lifted their price objective on shares of Match Group from $32.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, February 1st. Royal Bank of Canada lowered their price objective on shares of Match Group from $43.00 to $33.00 and set an "outperform" rating on the stock in a report on Thursday. Raymond James started coverage on shares of Match Group in a report on Thursday, April 4th. They issued a "market perform" rating on the stock. StockNews.com downgraded shares of Match Group from a "buy" rating to a "hold" rating in a report on Friday. Finally, 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. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.43.

Match Group Price Performance

MTCH stock traded up $0.27 during midday trading on Monday, reaching $30.96. 7,543,345 shares of the company were exchanged, compared to its average volume of 5,820,964. The business has a 50-day moving average price of $33.43 and a two-hundred day moving average price of $34.23. Match Group, Inc. has a one year low of $27.66 and a one year high of $49.24. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.50 and a beta of 1.43.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The firm had revenue of $860.00 million during the quarter, compared to analysts' expectations of $855.77 million. During the same period in the previous year, the business posted $0.42 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts anticipate that Match Group, Inc. will post 2.16 earnings per share 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.