Xponance Inc. Sells 4,641 Shares of Match Group, Inc. (NASDAQ:MTCH)

Xponance Inc. reduced its holdings in Match Group, Inc. (NASDAQ:MTCH) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 61,042 shares of the technology company’s stock after selling 4,641 shares during the period. Xponance Inc.’s holdings in Match Group were worth $2,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new position in Match Group in the 3rd quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV increased its position in Match Group by 46.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock worth $42,000 after buying an additional 361 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Match Group by 432.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock worth $49,000 after buying an additional 1,089 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Match Group in the 3rd quarter worth approximately $62,000. Finally, Global Retirement Partners LLC increased its position in Match Group by 23.5% in the 4th quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock worth $79,000 after buying an additional 410 shares during the period. 94.05% of the stock is owned by institutional investors.

Match Group Price Performance

Shares of MTCH stock opened at $31.96 on Tuesday. The stock’s fifty day simple moving average is $34.89 and its 200 day simple moving average is $34.73. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 0.51 and a beta of 1.41. Match Group, Inc. has a one year low of $27.85 and a one year high of $49.24.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. The company had revenue of $866.00 million for the quarter, compared to analyst estimates of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, research analysts anticipate that Match Group, Inc. will post 2.17 earnings per share for the current year.

Analyst Ratings Changes

MTCH has been the topic of several recent analyst reports. Raymond James began coverage on Match Group in a research report on Thursday, April 4th. They issued a “market perform” rating on the stock. UBS Group lifted their price objective on Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. decreased their price objective on Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Finally, Piper Sandler reissued an “overweight” rating and set a $45.00 price objective on shares of Match Group in a report on Wednesday, March 27th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.07.

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.