Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Cwm LLC

Cwm LLC reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,503 shares of the technology company’s stock after selling 7,378 shares during the period. Cwm LLC’s holdings in Match Group were worth $3,997,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. abrdn plc raised its position in shares of Match Group by 52.9% during the 4th quarter. abrdn plc now owns 133,690 shares of the technology company’s stock worth $4,880,000 after purchasing an additional 46,262 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Match Group by 32.3% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 244,500 shares of the technology company’s stock worth $8,924,000 after purchasing an additional 59,630 shares during the last quarter. Cornerstone Investment Partners LLC raised its position in shares of Match Group by 29.0% during the 4th quarter. Cornerstone Investment Partners LLC now owns 15,588 shares of the technology company’s stock worth $569,000 after purchasing an additional 3,500 shares during the last quarter. Strs Ohio grew its stake in Match Group by 50.0% in the 4th quarter. Strs Ohio now owns 97,500 shares of the technology company’s stock worth $3,558,000 after acquiring an additional 32,500 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new stake in Match Group in the 4th quarter worth approximately $2,274,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on MTCH. Citigroup lifted their target price 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. Raymond James began coverage on shares of Match Group in a research note on Thursday, April 4th. They issued a “market perform” rating for the company. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. UBS Group lifted their target price 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, Morgan Stanley cut shares of Match Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $53.00 to $37.00 in a research note on Thursday, April 18th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Match Group presently has an average rating of “Hold” and a consensus price target of $43.07.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $31.94 on Thursday. Match Group, Inc. has a 1 year low of $27.85 and a 1 year high of $49.24. The stock has a market capitalization of $8.56 billion, a P/E ratio of 14.01, a PEG ratio of 0.51 and a beta of 1.41. The stock has a 50-day simple moving average of $34.73 and a 200-day simple moving average of $34.67.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. The firm had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. Match Group’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. Analysts predict that Match Group, Inc. will post 2.16 earnings per share 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.