Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 66.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,349 shares of the technology company's stock after selling 18,767 shares during the period. Bleakley Financial Group LLC's holdings in Match Group were worth $354,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new position in Match Group in the first quarter valued at about $33,000. RFG Advisory LLC increased its stake in shares of Match Group by 16.5% in the first quarter. RFG Advisory LLC now owns 8,270 shares of the technology company's stock worth $300,000 after buying an additional 1,174 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Match Group during the first quarter valued at approximately $651,000. Riverview Trust Co purchased a new stake in shares of Match Group in the 1st quarter worth about $57,000. Finally, Scharf Investments LLC lifted its holdings in Match Group by 70.0% in the first quarter. Scharf Investments LLC now owns 1,467,996 shares of the technology company's stock worth $53,259,000 after buying an additional 604,282 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Stock Performance

NASDAQ MTCH opened at $37.76 on Wednesday. The company has a market cap of $9.74 billion, a PE ratio of 16.42, a P/E/G ratio of 0.80 and a beta of 1.51. The firm's 50 day moving average price is $36.84 and its 200-day moving average price is $33.69. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The firm had revenue of $864.07 million during the quarter, compared to analysts' expectations of $856.51 million. During the same quarter last year, the firm earned $0.48 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Match Group, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MTCH has been the topic of several recent research reports. HSBC upgraded Match Group from a "hold" rating to a "buy" rating and set a $43.20 price target on the stock in a research note on Monday, August 5th. Wolfe Research began coverage on shares of Match Group in a report on Tuesday, July 16th. They set an "outperform" rating and a $36.00 price target on the stock. Hsbc Global Res raised Match Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. Royal Bank of Canada raised their target price on shares of Match Group from $33.00 to $47.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group lifted their price objective on Match Group from $39.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.78.

Match Group Company Profile

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.