Mackenzie Financial Corp Has $363,000 Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Mackenzie Financial Corp lowered its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,953 shares of the technology company’s stock after selling 1,773 shares during the period. Mackenzie Financial Corp’s holdings in Match Group were worth $363,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new stake in Match Group during the third quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV grew its stake in Match Group by 46.0% during the fourth 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 period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Match Group by 432.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock worth $49,000 after acquiring an additional 1,089 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Match Group in the third quarter worth approximately $62,000. Finally, Global Retirement Partners LLC boosted its holdings in Match Group by 23.5% in the fourth quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock worth $79,000 after acquiring an additional 410 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Trading Up 0.6 %

Shares of Match Group stock opened at $31.89 on Friday. The business’s fifty day simple moving average is $34.49 and its 200 day simple moving average is $34.59. The firm has a market capitalization of $8.55 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 0.51 and a beta of 1.41. Match Group, Inc. has a 12 month low of $27.85 and a 12 month high of $49.24.

Match Group (NASDAQ:MTCH) last issued its quarterly 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 for the quarter, compared to analyst estimates 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 period last year, the company posted $0.30 earnings per share. Analysts predict that Match Group, Inc. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. UBS Group increased their price target on Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price target on shares of Match Group in a report on Wednesday, March 27th. KeyCorp increased their price target on Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. cut their price target on Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.07.

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.