New York State Teachers Retirement System Trims Holdings in Match Group, Inc. (NASDAQ:MTCH)

New York State Teachers Retirement System reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,543 shares of the technology company’s stock after selling 6,626 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Match Group worth $7,611,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. YHB Investment Advisors Inc. bought a new stake in Match Group during the 1st quarter valued at about $28,000. Principal Securities Inc. bought a new stake in shares of Match Group during the fourth quarter valued at approximately $31,000. Mather Group LLC. purchased a new stake in shares of Match Group in the first quarter valued at approximately $33,000. Fidelis Capital Partners LLC bought a new position in Match Group in the first quarter worth approximately $33,000. Finally, GAMMA Investing LLC bought a new position in Match Group in the fourth quarter worth approximately $55,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on MTCH. Wells Fargo & Company decreased their target price on Match Group from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. KeyCorp decreased their price objective on Match Group from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, May 6th. The Goldman Sachs Group increased their target price on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Cowen boosted their price target on shares of Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley dropped their price objective on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

Match Group Stock Performance

Shares of MTCH stock opened at $37.32 on Monday. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $47.81. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.72 and a beta of 1.48. The stock’s 50-day simple moving average is $33.21 and its 200-day simple moving average is $33.25.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The business had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. During the same period in the previous year, the business posted $0.48 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Match Group, Inc. will post 1.98 earnings per share for the current year.

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.