Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,073 shares of the technology company’s stock after selling 30,445 shares during the period. Victory Capital Management Inc.’s holdings in Match Group were worth $5,258,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. National Bank of Canada FI raised its position in Match Group by 19.5% during the second quarter. National Bank of Canada FI now owns 71,993 shares of the technology company’s stock worth $2,112,000 after acquiring an additional 11,760 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Match Group by 6.3% during the second quarter. TD Asset Management Inc now owns 1,020,967 shares of the technology company’s stock worth $31,017,000 after buying an additional 60,169 shares in the last quarter. Novare Capital Management LLC grew its holdings in shares of Match Group by 50.9% during the second quarter. Novare Capital Management LLC now owns 223,927 shares of the technology company’s stock worth $6,803,000 after buying an additional 75,512 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Match Group during the second quarter worth about $365,000. Finally, Guidance Capital Inc. grew its holdings in shares of Match Group by 12.7% during the second quarter. Guidance Capital Inc. now owns 26,078 shares of the technology company’s stock worth $792,000 after buying an additional 2,941 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MTCH. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a report on Thursday, August 1st. 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 for the company. Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley lowered their target price on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, TD Cowen boosted their target price 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. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

Match Group Price Performance

MTCH opened at $35.18 on Tuesday. The stock has a market capitalization of $9.07 billion, a PE ratio of 15.30, a P/E/G ratio of 0.72 and a beta of 1.50. The firm’s fifty day moving average price is $35.19 and its 200 day moving average price is $33.24. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $43.94.

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

Match Group 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.