Match Group, Inc. (NASDAQ:MTCH) Stock Holdings Lifted by Farley Capital L.P.

Farley Capital L.P. raised its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 37.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 139,670 shares of the technology company's stock after purchasing an additional 37,850 shares during the period. Match Group accounts for about 5.3% of Farley Capital L.P.'s portfolio, making the stock its 5th largest position. Farley Capital L.P. owned 0.05% of Match Group worth $5,098,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Principal Securities Inc. purchased a new position in shares of Match Group in the 4th quarter worth approximately $31,000. VisionPoint Advisory Group LLC purchased a new stake in Match Group during the 3rd quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV grew its position 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 purchasing an additional 361 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position 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 purchasing an additional 1,089 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Match Group during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTCH. TD Cowen reduced their price objective on shares of Match Group from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Thursday, May 9th. Piper Sandler reiterated an "overweight" rating and issued a $45.00 target price on shares of Match Group in a research report on Wednesday, March 27th. StockNews.com cut shares of Match Group from a "buy" rating to a "hold" rating in a research report on Friday, May 10th. KeyCorp dropped their price objective on shares of Match Group from $50.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Match Group from $42.00 to $38.00 and set a "buy" rating for the company in a report on Thursday, May 9th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.43.

Match Group Stock Performance

Shares of MTCH traded down $0.15 during mid-day trading on Friday, hitting $31.21. 2,876,739 shares of the company's stock were exchanged, compared to its average volume of 5,794,086. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 0.53 and a beta of 1.43. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $49.24. The stock's 50-day moving average is $33.19 and its 200-day moving average is $34.14.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $860.00 million for the quarter, compared to analysts' expectations of $855.77 million. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, equities research analysts anticipate that Match Group, Inc. will post 2.11 EPS for the current 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.

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