Boston Partners Trims Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Boston Partners cut its stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 62.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,663,506 shares of the technology company's stock after selling 4,413,075 shares during the period. Boston Partners owned approximately 0.98% of Match Group worth $97,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its position in shares of Match Group by 6.5% during the third quarter. Commonwealth Equity Services LLC now owns 8,678 shares of the technology company's stock worth $340,000 after purchasing an additional 530 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Match Group by 266.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,376 shares of the technology company's stock valued at $1,503,000 after buying an additional 27,916 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Match Group by 11.0% in the 3rd quarter. Mackenzie Financial Corp now owns 11,726 shares of the technology company's stock worth $447,000 after purchasing an additional 1,159 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Match Group by 4.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 235,545 shares of the technology company's stock worth $9,227,000 after purchasing an additional 9,593 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Match Group in the 3rd quarter valued at approximately $62,000. Institutional investors own 94.05% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTCH. Morgan Stanley lowered shares of Match Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $53.00 to $37.00 in a research note on Thursday, April 18th. UBS Group dropped their target price on Match Group from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Thursday, May 9th. TD Cowen lowered their price target on Match Group from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. The Goldman Sachs Group cut 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, May 9th. Finally, Piper Sandler reissued an "overweight" rating and issued a $45.00 price target on shares of Match Group in a report on Wednesday, March 27th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Match Group presently has a consensus rating of "Moderate Buy" and an average price target of $42.43.

Match Group Trading Up 3.2 %

Shares of NASDAQ:MTCH traded up $0.98 during mid-day trading on Tuesday, reaching $31.94. The company had a trading volume of 9,046,049 shares, compared to its average volume of 5,855,655. The company's 50-day moving average price is $33.35 and its 200-day moving average price is $34.20. Match Group, Inc. has a one year low of $27.66 and a one year high of $49.24. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.50 and a beta of 1.43.

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

Match Group 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.