State of Alaska Department of Revenue Sells 44,636 Shares of Match Group, Inc. (NASDAQ:MTCH)

State of Alaska Department of Revenue cut its holdings in shares of Match Group, Inc. (NASDAQ:MTCHGet Rating) by 52.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,045 shares of the technology company’s stock after selling 44,636 shares during the quarter. State of Alaska Department of Revenue’s holdings in Match Group were worth $2,860,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Carolinas Wealth Consulting LLC increased its holdings in shares of Match Group by 24.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 481 shares of the technology company’s stock worth $64,000 after purchasing an additional 93 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Match Group by 68.5% during the first quarter. AdvisorNet Financial Inc now owns 273 shares of the technology company’s stock worth $30,000 after purchasing an additional 111 shares during the period. Xponance Inc. increased its holdings in shares of Match Group by 0.3% during the first quarter. Xponance Inc. now owns 46,953 shares of the technology company’s stock worth $5,106,000 after purchasing an additional 138 shares during the period. Quent Capital LLC boosted its position in shares of Match Group by 27.9% during the 1st quarter. Quent Capital LLC now owns 655 shares of the technology company’s stock worth $71,000 after acquiring an additional 143 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of Match Group by 8.3% during the 1st quarter. Manchester Capital Management LLC now owns 1,896 shares of the technology company’s stock worth $206,000 after acquiring an additional 145 shares in the last quarter. 94.43% of the stock is owned by institutional investors.

Match Group Stock Down 2.5 %

MTCH stock opened at $48.56 on Friday. Match Group, Inc. has a twelve month low of $48.46 and a twelve month high of $182.00. The stock’s 50 day moving average is $62.98 and its 200-day moving average is $76.56. The firm has a market capitalization of $13.87 billion, a PE ratio of 151.75, a P/E/G ratio of 0.63 and a beta of 1.22.

Match Group (NASDAQ:MTCHGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. Match Group had a negative return on equity of 164.13% and a net margin of 3.48%. The company had revenue of $794.51 million during the quarter, compared to the consensus estimate of $802.13 million. On average, equities research analysts anticipate that Match Group, Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on MTCH. Susquehanna reduced their price target on shares of Match Group from $100.00 to $85.00 and set a “positive” rating on the stock in a research report on Thursday, August 4th. Cowen reduced their price target on shares of Match Group from $128.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. Truist Financial lowered shares of Match Group from a “buy” rating to a “hold” rating and cut their target price for the company from $145.00 to $68.00 in a research report on Wednesday, August 3rd. Susquehanna Bancshares cut their target price on shares of Match Group from $100.00 to $85.00 and set a “positive” rating on the stock in a research report on Thursday, August 4th. Finally, Barclays cut their target price on shares of Match Group to $64.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Match Group has an average rating of “Moderate Buy” and a consensus target price of $92.59.

Insiders Place Their Bets

In related news, CEO Bernard Jin Kim bought 16,000 shares of Match Group stock in a transaction on Thursday, August 4th. The stock was acquired at an average price of $63.58 per share, with a total value of $1,017,280.00. Following the acquisition, the chief executive officer now directly owns 16,000 shares of the company’s stock, valued at $1,017,280. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Match Group Company Profile

(Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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