State of New Jersey Common Pension Fund D Reduces Position in Match Group, Inc. (NASDAQ:MTCH)

State of New Jersey Common Pension Fund D lessened its holdings in Match Group, Inc. (NASDAQ:MTCHFree Report) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 160,242 shares of the technology company’s stock after selling 5,357 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Match Group worth $6,277,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC acquired a new stake in Match Group in the third quarter worth about $331,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Match Group by 21.4% during the third quarter. State Board of Administration of Florida Retirement System now owns 357,850 shares of the technology company’s stock worth $14,019,000 after purchasing an additional 63,004 shares during the period. Pathstone Family Office LLC acquired a new stake in shares of Match Group during the third quarter worth about $579,000. Van ECK Associates Corp lifted its holdings in shares of Match Group by 14.4% during the third quarter. Van ECK Associates Corp now owns 5,828 shares of the technology company’s stock worth $228,000 after purchasing an additional 734 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Match Group by 47.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,415,658 shares of the technology company’s stock valued at $94,633,000 after acquiring an additional 775,083 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Match Group Stock Up 4.4 %

Shares of NASDAQ MTCH opened at $36.99 on Tuesday. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44. The company’s 50-day simple moving average is $35.85 and its 200-day simple moving average is $37.79. 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 posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.32. The company had revenue of $866.00 million for 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%. Match Group’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Equities research analysts anticipate that Match Group, Inc. will post 2.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Match Group from $52.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Barclays reduced their price objective on Match Group from $56.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Morgan Stanley lowered their target price on Match Group from $97.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Finally, UBS Group upped their price objective on Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.37.

Read Our Latest Stock Report on MTCH

Match Group 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.

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

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