Brown Advisory Securities LLC Acquires 342 Shares of Match Group, Inc. (NASDAQ:MTCH)

Brown Advisory Securities LLC boosted its holdings in shares of Match Group, Inc. (NASDAQ:MTCHGet Rating) by 20.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,056 shares of the technology company’s stock after purchasing an additional 342 shares during the period. Brown Advisory Securities LLC’s holdings in Match Group were worth $224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTCH. BlackRock Inc. lifted its stake in shares of Match Group by 3.9% in the 4th quarter. BlackRock Inc. now owns 23,609,487 shares of the technology company’s stock valued at $3,122,355,000 after acquiring an additional 889,561 shares during the last quarter. State Street Corp lifted its stake in shares of Match Group by 4.3% in the 4th quarter. State Street Corp now owns 12,434,435 shares of the technology company’s stock valued at $1,644,454,000 after acquiring an additional 513,954 shares during the last quarter. Lone Pine Capital LLC lifted its stake in shares of Match Group by 14.1% in the 4th quarter. Lone Pine Capital LLC now owns 8,872,280 shares of the technology company’s stock valued at $1,173,359,000 after acquiring an additional 1,098,413 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Match Group by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 5,272,334 shares of the technology company’s stock valued at $695,597,000 after acquiring an additional 300,318 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Match Group by 4.2% in the 4th quarter. Bank of America Corp DE now owns 3,265,472 shares of the technology company’s stock valued at $431,859,000 after acquiring an additional 132,934 shares during the last quarter. 96.11% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Bernard Jin Kim bought 16,000 shares of Match Group stock in a transaction dated Thursday, August 4th. The stock was bought at an average cost of $63.58 per share, for a total transaction of $1,017,280.00. Following the purchase, the chief executive officer now directly owns 16,000 shares in the company, valued at approximately $1,017,280. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on MTCH shares. Morgan Stanley dropped their price target on Match Group from $150.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday. Truist Financial lowered Match Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $145.00 to $68.00 in a research report on Wednesday. Barclays lowered their target price on Match Group from $81.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. KeyCorp lowered their target price on Match Group from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Match Group from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Match Group has a consensus rating of “Moderate Buy” and a consensus target price of $98.86.

Match Group Price Performance

Shares of MTCH opened at $67.78 on Friday. The stock has a 50-day moving average of $73.31 and a 200-day moving average of $88.77. The company has a market cap of $19.36 billion, a PE ratio of 211.82, a P/E/G ratio of 0.61 and a beta of 1.15. Match Group, Inc. has a one year low of $59.15 and a one year high of $182.00.

Match Group (NASDAQ:MTCHGet Rating) last issued its earnings results on Tuesday, May 3rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $798.63 million during the quarter, compared to the consensus estimate of $795.03 million. Match Group had a negative return on equity of 164.13% and a net margin of 3.48%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Analysts expect that Match Group, Inc. will post 2.63 EPS for the current fiscal year.

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.

See Also

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

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