Match Group, Inc. (NASDAQ:MTCH) Stock Holdings Lifted by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in Match Group, Inc. (NASDAQ:MTCH) by 24.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,499,123 shares of the technology company’s stock after acquiring an additional 2,042,677 shares during the quarter. Ameriprise Financial Inc. owned approximately 4.18% of Match Group worth $343,427,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Match Group by 17.0% during the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company’s stock worth $211,818,000 after purchasing an additional 939,078 shares during the last quarter. Invesco Ltd. increased its position in Match Group by 25.3% during the fourth quarter. Invesco Ltd. now owns 5,827,217 shares of the technology company’s stock worth $190,608,000 after acquiring an additional 1,174,889 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Match Group by 110.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company’s stock valued at $183,968,000 after purchasing an additional 2,952,470 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in Match Group by 11.0% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 5,467,257 shares of the technology company’s stock valued at $178,834,000 after purchasing an additional 541,556 shares during the period. Finally, Mawer Investment Management Ltd. grew its position in Match Group by 716.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company’s stock worth $171,889,000 after purchasing an additional 4,611,598 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Stock Down 1.3 %

Match Group stock opened at $30.30 on Tuesday. The stock has a 50-day simple moving average of $30.24 and a 200 day simple moving average of $32.29. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a 12-month low of $26.39 and a 12-month high of $38.84.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.22). Match Group had a negative return on equity of 574.22% and a net margin of 15.84%. As a group, sell-side analysts anticipate that Match Group, Inc. will post 2.44 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MTCH shares. Citigroup reduced their target price on shares of Match Group from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Wells Fargo & Company reduced their price objective on Match Group from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley lowered their price objective on Match Group from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Barclays decreased their price target on shares of Match Group from $53.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, HSBC cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.44.

Insider Activity at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the sale, the president now owns 1,690 shares of the company’s stock, valued at approximately $55,533.40. The trade was a 99.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.77% of the stock is owned by company insiders.

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.