Asset Management One Co. Ltd. Has $6.49 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Posted by Defense World Staff on Apr 30th, 2023

Asset Management One Co. Ltd. lessened its position in shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,812 shares of the technology company’s stock after selling 4,606 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.06% of Match Group worth $6,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Ellevest Inc. raised its stake in shares of Match Group by 27.1% in the 4th quarter. Ellevest Inc. now owns 3,653 shares of the technology company’s stock valued at $152,000 after buying an additional 778 shares in the last quarter. Emerald Advisers LLC lifted its stake in Match Group by 25.7% during the fourth quarter. Emerald Advisers LLC now owns 25,277 shares of the technology company’s stock worth $1,049,000 after purchasing an additional 5,174 shares during the period. D.A. Davidson & CO. boosted its holdings in Match Group by 4.1% during the fourth quarter. D.A. Davidson & CO. now owns 24,981 shares of the technology company’s stock valued at $1,036,000 after purchasing an additional 990 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Match Group by 11.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 50,719 shares of the technology company’s stock worth $2,104,000 after buying an additional 5,228 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Match Group by 40.4% during the 4th quarter. CWM LLC now owns 8,150 shares of the technology company’s stock worth $338,000 after buying an additional 2,346 shares during the period. 93.53% of the stock is currently owned by institutional investors.

Match Group Stock Up 5.5 %

NASDAQ:MTCH opened at $36.90 on Friday. The stock’s fifty day simple moving average is $37.82 and its 200-day simple moving average is $42.90. The firm has a market capitalization of $10.31 billion, a P/E ratio of 30.00, a P/E/G ratio of 0.66 and a beta of 1.34. Match Group, Inc. has a 12-month low of $33.06 and a 12-month high of $87.46.

Match Group (NASDAQ:MTCH – Get Rating) last issued its earnings results on Wednesday, February 1st. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The company had revenue of $786.15 million for the quarter, compared to the consensus estimate of $787.34 million. Match Group had a negative return on equity of 146.76% and a net margin of 11.35%. Match Group’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.60) EPS. As a group, equities research analysts expect that Match Group, Inc. will post 2.08 earnings per share for the current year.

Insider Buying and Selling

In other Match Group news, insider Jared F. Sine sold 7,110 shares of the company’s stock in a transaction that occurred on 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 $2,491,841.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTCH. Deutsche Bank Aktiengesellschaft lowered their price target on Match Group from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 2nd. Barclays raised shares of Match Group from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a report on Tuesday, March 14th. Morgan Stanley upped their price objective on shares of Match Group from $90.00 to $95.00 in a research note on Monday, March 20th. StockNews.com initiated coverage on shares of Match Group in a report on Thursday, March 16th. They set a “hold” rating for the company. Finally, TD Cowen reduced their target price on Match Group from $74.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, April 17th. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.38.

About Match Group

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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.