Vontobel Holding Ltd. Sells 28,168 Shares of Match Group, Inc. (NASDAQ:MTCH)

Vontobel Holding Ltd. cut its holdings in Match Group, Inc. (NASDAQ:MTCH) by 16.7% in the fourth quarter, HoldingsChannel reports. The firm owned 140,756 shares of the technology company’s stock after selling 28,168 shares during the quarter. Vontobel Holding Ltd.’s holdings in Match Group were worth $5,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Lecap Asset Management Ltd. purchased a new position in shares of Match Group in the fourth quarter valued at $2,274,000. Louisiana State Employees Retirement System purchased a new position in shares of Match Group in the fourth quarter valued at $599,000. NewEdge Wealth LLC purchased a new position in shares of Match Group in the fourth quarter valued at $240,000. Krilogy Financial LLC grew its holdings in shares of Match Group by 42.0% in the fourth quarter. Krilogy Financial LLC now owns 15,529 shares of the technology company’s stock valued at $567,000 after purchasing an additional 4,591 shares in the last quarter. Finally, RFG Advisory LLC grew its holdings in shares of Match Group by 15.3% in the fourth quarter. RFG Advisory LLC now owns 7,096 shares of the technology company’s stock valued at $259,000 after purchasing an additional 944 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTCH has been the subject of a number of recent research reports. Piper Sandler reissued an “overweight” rating and issued a $45.00 target price on shares of Match Group in a report on Wednesday, March 27th. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. dropped their price objective on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. UBS Group lifted their price objective on shares of Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Finally, Citigroup lifted their price objective on shares of Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Match Group presently has an average rating of “Moderate Buy” and an average price target of $45.01.

Match Group Price Performance

MTCH stock opened at $32.28 on Thursday. The company has a market capitalization of $8.65 billion, a P/E ratio of 14.16, a PEG ratio of 0.51 and a beta of 1.41. The business has a 50-day moving average price of $35.12 and a 200 day moving average price of $34.87. Match Group, Inc. has a 1-year low of $27.85 and a 1-year high of $49.24.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. The business had revenue of $866.00 million during the quarter, compared to the consensus estimate of $861.31 million. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, analysts anticipate that Match Group, Inc. will post 2.17 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.