KBC Group NV decreased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 81.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,558 shares of the technology company's stock after selling 108,846 shares during the quarter. KBC Group NV's holdings in Match Group were worth $2,779,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. PAX Financial Group LLC grew its position in Match Group by 1.7% in the 4th quarter. PAX Financial Group LLC now owns 5,277 shares of the technology company's stock valued at $698,000 after acquiring an additional 87 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its stake in shares of Match Group by 24.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 481 shares of the technology company's stock valued at $64,000 after purchasing an additional 93 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Match Group by 2.7% in the fourth quarter. Raymond James Trust N.A. now owns 3,586 shares of the technology company's stock worth $475,000 after purchasing an additional 94 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in Match Group by 1.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,514 shares of the technology company's stock worth $994,000 after buying an additional 100 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in Match Group by 68.5% during the 1st quarter. AdvisorNet Financial Inc now owns 273 shares of the technology company's stock valued at $30,000 after buying an additional 111 shares in the last quarter. Institutional investors own 96.11% of the company's stock.Get Match Group alerts:
Analysts Set New Price Targets
A number of equities analysts have recently commented on MTCH shares. BTIG Research lowered shares of Match Group from a "buy" rating to a "neutral" rating in a research report on Wednesday. KeyCorp reduced their price objective on Match Group from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Thursday. Truist Financial cut 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 report on Wednesday. Evercore ISI cut their price target on Match Group from $115.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, July 7th. Finally, Wells Fargo & Company raised shares of Match Group from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $140.00 to $115.00 in a research note on Monday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $98.86.
Match Group Price PerformanceShares of MTCH stock opened at $67.78 on Friday. The stock's fifty day moving average price is $73.31 and its 200 day moving average price is $88.58. Match Group, Inc. has a 1-year low of $59.15 and a 1-year high of $182.00. The company has a market cap of $19.36 billion, a price-to-earnings ratio of 211.82, a price-to-earnings-growth ratio of 0.61 and a beta of 1.15.
Insiders Place Their Bets
In related news, CEO Bernard Jin Kim acquired 16,000 shares of the business's stock in a transaction dated Thursday, August 4th. The shares were purchased at an average price of $63.58 per share, for a total transaction of $1,017,280.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,000 shares in the company, valued at approximately $1,017,280. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.30% of the company's stock.
Match Group Profile
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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