Belpointe Asset Management LLC Acquires New Holdings in Match Group, Inc. (NASDAQ:MTCH)

Belpointe Asset Management LLC bought a new position in shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,201 shares of the technology company’s stock, valued at approximately $50,000.

Other institutional investors have also recently bought and sold shares of the company. CI Investments Inc. increased its position in shares of Match Group by 187.1% during the third quarter. CI Investments Inc. now owns 577 shares of the technology company’s stock worth $28,000 after acquiring an additional 376 shares in the last quarter. Glassman Wealth Services boosted its stake in Match Group by 89.1% in the 4th quarter. Glassman Wealth Services now owns 851 shares of the technology company’s stock worth $35,000 after purchasing an additional 401 shares during the period. Advisors Asset Management Inc. increased its holdings in Match Group by 107.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 828 shares of the technology company’s stock worth $40,000 after purchasing an additional 428 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Match Group in the 3rd quarter valued at about $50,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Match Group by 54.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,421 shares of the technology company’s stock valued at $59,000 after purchasing an additional 502 shares in the last quarter. Institutional investors own 93.53% of the company’s stock.

Match Group Trading Up 2.1 %

Match Group stock opened at $34.68 on Wednesday. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 0.64 and a beta of 1.34. Match Group, Inc. has a 12 month low of $30.73 and a 12 month high of $87.46. The stock’s 50 day moving average is $35.33 and its 200-day moving average is $41.56.

Match Group (NASDAQ:MTCH – Get Rating) last issued its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Match Group had a negative return on equity of 116.87% and a net margin of 9.51%. The firm had revenue of $787.12 million for the quarter, compared to analyst estimates of $794.06 million. During the same period in the prior year, the firm posted $0.60 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities research analysts predict that Match Group, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Match Group news, insider Jared F. Sine sold 7,110 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $41.27, for a total value of $293,429.70. Following the completion of the sale, the insider now owns 60,379 shares of the company’s stock, valued at approximately $2,491,841.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MTCH has been the topic of a number of recent research reports. UBS Group dropped their target price on Match Group from $42.00 to $40.00 in a research report on Thursday, May 4th. StockNews.com assumed coverage on shares of Match Group in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Jefferies Financial Group raised their target price on shares of Match Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, January 24th. Piper Sandler boosted their price target on shares of Match Group from $20.00 to $27.00 in a research report on Tuesday, February 7th. Finally, Cowen reduced their price objective on shares of Match Group from $80.00 to $74.00 and set an “outperform” rating for the company in a research note on Thursday, February 2nd. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Match Group currently has a consensus rating of “Moderate Buy” and an average target price of $59.14.

Match Group Company Profile

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Match Group, Inc engages in the provision of dating products. It operates under the brand name Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime. The company was founded on February 12, 2009 and is headquartered in Dallas, TX.