Amalgamated Bank Lowers Stake in Match Group, Inc. (NASDAQ:MTCH)

Amalgamated Bank cut its stake in Match Group, Inc. (NASDAQ:MTCHFree Report) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,184 shares of the technology company’s stock after selling 3,266 shares during the quarter. Amalgamated Bank’s holdings in Match Group were worth $2,945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Match Group by 5.6% in the first quarter. BlackRock Inc. now owns 35,749,193 shares of the technology company’s stock worth $1,372,412,000 after buying an additional 1,889,531 shares during the period. Vanguard Group Inc. boosted its position in shares of Match Group by 1.7% during the first quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock valued at $3,170,951,000 after purchasing an additional 500,418 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in Match Group by 107,412.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,731,116 shares of the technology company’s stock worth $984,604,000 after purchasing an additional 23,709,043 shares during the period. State Street Corp raised its holdings in Match Group by 8.1% in the second quarter. State Street Corp now owns 13,215,374 shares of the technology company’s stock worth $553,063,000 after purchasing an additional 992,393 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Match Group by 113.9% during the second quarter. Nuveen Asset Management LLC now owns 8,720,847 shares of the technology company’s stock valued at $364,967,000 after buying an additional 4,643,693 shares during the period. 93.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MTCH shares. Morgan Stanley reduced their target price on shares of Match Group from $97.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Royal Bank of Canada dropped their price target on Match Group from $52.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. KeyCorp raised their price objective on Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Truist Financial dropped their target price on Match Group from $50.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Finally, Wells Fargo & Company started coverage on Match Group in a report on Thursday, December 7th. They set an “equal weight” rating and a $32.00 price target for the company. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Match Group presently has an average rating of “Moderate Buy” and a consensus price target of $47.37.

View Our Latest Report on Match Group

Match Group Trading Up 1.1 %

Shares of MTCH stock opened at $35.42 on Friday. Match Group, Inc. has a 12-month low of $27.85 and a 12-month high of $49.24. The stock has a market capitalization of $9.63 billion, a P/E ratio of 15.54, a P/E/G ratio of 0.56 and a beta of 1.44. The firm’s 50 day moving average is $35.77 and its 200 day moving average is $37.89.

Match Group (NASDAQ:MTCHGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The company had revenue of $866.00 million during the quarter, compared to analyst estimates of $861.31 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. Match Group’s revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts predict that Match Group, Inc. will post 2.17 earnings per share for the current year.

About Match Group

(Free Report)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, The League, Azar, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and Hakuna, 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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