Oppenheimer Asset Management Inc. Cuts Stake in Match Group, Inc. (NASDAQ:MTCH)

Oppenheimer Asset Management Inc. decreased its position in shares of Match Group, Inc. (NASDAQ:MTCHFree Report) by 60.0% in the third quarter, HoldingsChannel reports. The firm owned 7,578 shares of the technology company’s stock after selling 11,379 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Match Group were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC lifted its holdings in Match Group by 17.7% in the third quarter. Metis Global Partners LLC now owns 11,767 shares of the technology company’s stock valued at $461,000 after acquiring an additional 1,770 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Match Group by 266.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,376 shares of the technology company’s stock valued at $1,503,000 after acquiring an additional 27,916 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Match Group by 44.3% in the second quarter. Janney Montgomery Scott LLC now owns 53,206 shares of the technology company’s stock valued at $2,227,000 after acquiring an additional 16,346 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Match Group by 2.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,565 shares of the technology company’s stock valued at $2,032,000 after acquiring an additional 1,216 shares during the period. Finally, Cibc World Market Inc. acquired a new position in Match Group in the second quarter valued at approximately $767,000. Institutional investors and hedge funds own 93.56% of the company’s stock.

Match Group Stock Up 1.1 %

Shares of NASDAQ:MTCH opened at $35.42 on Friday. The business has a fifty day moving average of $35.77 and a two-hundred day moving average of $37.89. The stock has a market cap of $9.63 billion, a P/E ratio of 15.54, a PEG ratio of 0.56 and a beta of 1.44. Match Group, Inc. has a 52-week low of $27.85 and a 52-week high of $49.24.

Match Group (NASDAQ:MTCHGet Free Report) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.32. The company 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%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. On average, equities analysts anticipate that Match Group, Inc. will post 2.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MTCH has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on Match Group from $97.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. KeyCorp boosted 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. Royal Bank of Canada cut their price objective on Match Group from $52.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Citigroup boosted their price objective on Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Finally, Bank of America started coverage on Match Group in a research report on Thursday, October 19th. They issued a “buy” rating and a $52.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Match Group has an average rating of “Moderate Buy” and a consensus price target of $47.37.

Read Our Latest Analysis on Match Group

Match Group Company Profile

(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.

See Also

Want to see what other hedge funds are holding MTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Match Group, Inc. (NASDAQ:MTCHFree Report).

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

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.