Texas Permanent School Fund Corp Has $1.37 Million Position in Match Group, Inc. (NASDAQ:MTCH)

Texas Permanent School Fund Corp cut its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 19.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,937 shares of the technology company’s stock after selling 11,176 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Match Group were worth $1,365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Match Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock valued at $1,173,966,000 after buying an additional 416,140 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in shares of Match Group by 30.1% during the 1st 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 during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Match Group during the 2nd quarter worth $100,848,000. Norges Bank bought a new stake in shares of Match Group during the 4th quarter worth $112,903,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Match Group by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock worth $77,342,000 after buying an additional 12,379 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTCH. Morgan Stanley decreased their price target on Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Citigroup raised their target price on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. The Goldman Sachs Group raised their target price on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Evercore ISI raised Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

Match Group Trading Up 1.6 %

Shares of Match Group stock opened at $36.84 on Friday. The business’s fifty day simple moving average is $35.50 and its 200 day simple moving average is $33.29. The firm has a market capitalization of $9.50 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 0.72 and a beta of 1.50. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.51.

Match Group (NASDAQ:MTCH) last issued its 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 analyst estimates of $856.51 million. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. Analysts predict that Match Group, Inc. will post 1.98 EPS for the current fiscal 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.