Ashburton Jersey Ltd Raises Holdings in Match Group, Inc. (NASDAQ:MTCH)

Ashburton Jersey Ltd boosted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,169 shares of the technology company’s stock after buying an additional 2,319 shares during the period. Match Group accounts for about 0.6% of Ashburton Jersey Ltd’s investment portfolio, making the stock its 27th biggest holding. Ashburton Jersey Ltd’s holdings in Match Group were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MTCH. Asset Management One Co. Ltd. lifted its stake in shares of Match Group by 5.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 116,415 shares of the technology company’s stock worth $4,561,000 after purchasing an additional 5,509 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Match Group by 6.5% during the third quarter. Commonwealth Equity Services LLC now owns 8,678 shares of the technology company’s stock valued at $340,000 after buying an additional 530 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Match Group by 24.9% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 63,302 shares of the technology company’s stock valued at $2,480,000 after buying an additional 12,600 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Match Group by 101.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 55,548 shares of the technology company’s stock worth $2,176,000 after buying an additional 28,008 shares during the last quarter. Finally, Xponance Inc. lifted its position in Match Group by 2.4% during the third quarter. Xponance Inc. now owns 65,683 shares of the technology company’s stock valued at $2,573,000 after acquiring an additional 1,565 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on MTCH shares. Citigroup lifted their price target on shares of Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. decreased their price target on Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. Morgan Stanley lowered Match Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $53.00 to $37.00 in a research note on Thursday, April 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of Match Group in a research report on Wednesday, March 27th. Finally, Raymond James assumed coverage on shares of Match Group in a research report on Thursday, April 4th. They set a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Match Group currently has an average rating of “Hold” and an average price target of $43.07.

Match Group Stock Performance

Match Group stock traded up $0.13 during midday trading on Thursday, hitting $31.31. 1,113,212 shares of the company were exchanged, compared to its average volume of 5,557,462. Match Group, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $49.24. The firm has a market capitalization of $8.39 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.50 and a beta of 1.43. The business has a fifty day simple moving average of $34.17 and a two-hundred day simple moving average of $34.47.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The firm had revenue of $866.00 million during the quarter, compared to analyst estimates of $861.31 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities analysts expect that Match Group, Inc. will post 2.16 earnings per share for the current 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.