Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC raised its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 203.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,067 shares of the technology company's stock after purchasing an additional 31,538 shares during the period. Krilogy Financial LLC's holdings in Match Group were worth $1,708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MTCH. Metis Global Partners LLC boosted its stake in Match Group by 17.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,767 shares of the technology company's stock valued at $461,000 after acquiring an additional 1,770 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Match Group by 54.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 85,777 shares of the technology company's stock valued at $3,131,000 after buying an additional 30,229 shares during the last quarter. Nordea Investment Management AB raised its stake in Match Group by 22.4% during the fourth quarter. Nordea Investment Management AB now owns 1,045,186 shares of the technology company's stock valued at $37,961,000 after buying an additional 191,615 shares in the last quarter. Scharf Investments LLC bought a new position in Match Group during the 4th quarter worth approximately $31,526,000. Finally, American Century Companies Inc. grew its position in shares of Match Group by 13.9% in the 3rd quarter. American Century Companies Inc. now owns 1,509,954 shares of the technology company's stock worth $59,152,000 after acquiring an additional 184,325 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Stock Performance

Shares of NASDAQ MTCH traded down $0.13 during trading on Thursday, hitting $29.48. The company had a trading volume of 4,923,568 shares, compared to its average volume of 5,735,308. The company has a market cap of $7.83 billion, a P/E ratio of 12.82, a PEG ratio of 0.50 and a beta of 1.43. The business's 50-day moving average is $32.92 and its 200 day moving average is $34.14. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $49.24.

Match Group (NASDAQ:MTCH - Get Free Report) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The company had revenue of $860.00 million for 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%. Match Group's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, research analysts expect that Match Group, Inc. will post 2.11 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on MTCH. Susquehanna cut their target price on shares of Match Group from $46.00 to $45.00 and set a "positive" rating on the stock in a report on Monday, May 13th. Morgan Stanley downgraded Match Group from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $53.00 to $37.00 in a research note on Thursday, April 18th. Citigroup raised their target price on Match Group from $32.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. dropped 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. Finally, Raymond James began coverage on shares of Match Group in a research note on Thursday, April 4th. They issued a "market perform" rating on the stock. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Match Group has a consensus rating of "Moderate Buy" and an average target price of $42.43.

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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