Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. boosted its holdings in Match Group, Inc. (NASDAQ:MTCHGet Rating) by 16.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,948 shares of the technology company’s stock after buying an additional 12,127 shares during the period. Natixis Advisors L.P.’s holdings in Match Group were worth $9,129,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tyler Stone Wealth Management acquired a new stake in Match Group in the 4th quarter worth about $27,000. Tsfg LLC lifted its stake in shares of Match Group by 181.1% in the 1st quarter. Tsfg LLC now owns 253 shares of the technology company’s stock valued at $28,000 after purchasing an additional 163 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of Match Group in the 1st quarter valued at about $28,000. Prospera Financial Services Inc acquired a new position in shares of Match Group in the 1st quarter valued at about $29,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of Match Group by 68.5% in the 1st quarter. AdvisorNet Financial Inc now owns 273 shares of the technology company’s stock valued at $30,000 after purchasing an additional 111 shares in the last quarter. 94.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Bernard Jin Kim purchased 16,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $63.58 per share, for a total transaction of $1,017,280.00. Following the acquisition, the chief executive officer now owns 16,000 shares of the company’s stock, valued at $1,017,280. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Match Group Stock Down 0.5 %

MTCH stock opened at $55.18 on Friday. Match Group, Inc. has a 52-week low of $53.47 and a 52-week high of $182.00. The stock’s 50 day moving average is $68.10 and its two-hundred day moving average is $82.37. The company has a market capitalization of $15.76 billion, a PE ratio of 172.44, a P/E/G ratio of 1.03 and a beta of 1.15.

Match Group (NASDAQ:MTCHGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. Match Group had a negative return on equity of 164.13% and a net margin of 3.48%. The business had revenue of $794.51 million during the quarter, compared to the consensus estimate of $802.13 million. As a group, sell-side analysts anticipate that Match Group, Inc. will post 2.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Match Group from $125.00 to $105.00 in a research note on Tuesday, July 19th. BTIG Research lowered Match Group to a “neutral” rating in a research note on Tuesday, August 9th. Piper Sandler reduced their price objective on Match Group from $125.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, August 4th. Barclays reduced their price objective on Match Group to $64.00 in a research note on Tuesday, August 9th. Finally, Wells Fargo & Company raised Match Group from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $140.00 to $115.00 in a research report on Monday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Match Group currently has a consensus rating of “Moderate Buy” and an average price target of $98.81.

Match Group Company Profile

(Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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