Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,214 shares of the technology company’s stock after selling 2,701 shares during the quarter. Securian Asset Management Inc.’s holdings in Match Group were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Partners acquired a new stake in shares of Match Group in the third quarter valued at approximately $276,406,000. Wellington Management Group LLP grew its position in shares of Match Group by 34.7% in the third quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company’s stock valued at $324,174,000 after purchasing an additional 2,130,646 shares during the last quarter. Scharf Investments LLC acquired a new stake in shares of Match Group in the fourth quarter valued at approximately $31,526,000. Charles Schwab Investment Management Inc. grew its position in shares of Match Group by 47.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,415,658 shares of the technology company’s stock valued at $94,633,000 after purchasing an additional 775,083 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Match Group by 237.3% in the third quarter. Canada Pension Plan Investment Board now owns 929,700 shares of the technology company’s stock valued at $36,421,000 after purchasing an additional 654,105 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Stock Down 1.4 %

NASDAQ:MTCH opened at $29.61 on Thursday. The company has a market cap of $7.87 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.50 and a beta of 1.43. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $49.24. The firm’s 50 day moving average is $32.92 and its two-hundred day moving average is $34.14.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The business had revenue of $860.00 million for the quarter, compared to the consensus estimate of $855.77 million. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Research analysts forecast that Match Group, Inc. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price target on shares of Match Group in a research report on Wednesday, March 27th. KeyCorp lowered their price target on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. JPMorgan Chase & Co. decreased their target price on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Royal Bank of Canada decreased their target price on shares of Match Group from $43.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Match Group from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.43.

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.