Match Group, Inc. (NASDAQ:MTCH) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in Match Group, Inc. (NASDAQ:MTCH) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 250,543 shares of the technology company’s stock after selling 6,626 shares during the period. New York State Teachers Retirement System’s holdings in Match Group were worth $7,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Empirical Finance LLC grew its stake in shares of Match Group by 4.9% in the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock valued at $254,000 after purchasing an additional 326 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Match Group by 6.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock valued at $283,000 after buying an additional 478 shares during the period. Natixis Investment Managers International raised its position in Match Group by 14.4% during the 1st quarter. Natixis Investment Managers International now owns 4,241 shares of the technology company’s stock worth $154,000 after buying an additional 533 shares during the last quarter. Assetmark Inc. raised its position in Match Group by 47.7% during the 4th quarter. Assetmark Inc. now owns 1,739 shares of the technology company’s stock worth $63,000 after buying an additional 562 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Match Group by 7.3% in the second quarter. First Horizon Advisors Inc. now owns 8,841 shares of the technology company’s stock valued at $269,000 after acquiring an additional 598 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wolfe Research started coverage on shares of Match Group in a report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price target for the company. Citigroup increased their target price on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their price target on Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Susquehanna cut their price objective on Match Group from $46.00 to $45.00 and set a “positive” rating for the company in a research report on Monday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $38.00 target price on shares of Match Group in a report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.07.

Match Group Price Performance

MTCH stock opened at $37.32 on Monday. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $47.81. The firm has a market capitalization of $9.91 billion, a PE ratio of 16.23, a P/E/G ratio of 0.72 and a beta of 1.48. The company’s 50 day simple moving average is $33.21 and its 200-day simple moving average is $33.25.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The firm had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $856.51 million. During the same quarter in the prior year, the firm earned $0.48 EPS. Match Group’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Match Group, Inc. will post 1.98 earnings per share for the current year.

About Match Group

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.