Leuthold Group LLC Reduces Stake in Match Group, Inc. (NASDAQ:MTCH)

Leuthold Group LLC cut its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 0.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 135,856 shares of the technology company’s stock after selling 1,248 shares during the period. Leuthold Group LLC’s holdings in Match Group were worth $4,127,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MTCH. Vanguard Group Inc. increased its holdings in shares of Match Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after purchasing an additional 416,140 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in Match Group by 30.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,080,312 shares of the technology company’s stock worth $148,034,000 after buying an additional 943,894 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Match Group during the 2nd quarter worth approximately $100,848,000. Norges Bank purchased a new stake in Match Group in the 4th quarter worth $112,903,000. Finally, Bank of New York Mellon Corp raised its position in shares of Match Group by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock valued at $77,342,000 after buying an additional 12,379 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Stock Up 0.9 %

NASDAQ:MTCH opened at $36.26 on Thursday. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.87. The stock’s 50 day moving average price is $35.40 and its 200 day moving average price is $33.26. The company has a market capitalization of $9.63 billion, a PE ratio of 15.77, a P/E/G ratio of 0.72 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates 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 prior year, the company earned $0.48 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Match Group, Inc. will post 1.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MTCH. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $38.00 target price on shares of Match Group in a research report on Wednesday, July 31st. HSBC raised shares of 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 started coverage on Match Group in a research report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.07.

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.