Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its position in Match Group, Inc. (NASDAQ:MTCH) by 46.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,209 shares of the technology company’s stock after selling 8,886 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Match Group were worth $310,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. YHB Investment Advisors Inc. purchased a new stake in Match Group during the first quarter worth $28,000. Mather Group LLC. acquired a new position in shares of Match Group during the 1st quarter worth $33,000. Fidelis Capital Partners LLC acquired a new stake in Match Group in the 1st quarter valued at about $33,000. Riverview Trust Co purchased a new position in Match Group during the 1st quarter valued at about $57,000. Finally, Sentry Investment Management LLC acquired a new position in Match Group during the first quarter worth about $57,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Price Performance

Match Group stock opened at $37.81 on Monday. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50. The stock’s 50-day moving average is $35.87 and its 200-day moving average is $33.40.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MTCH shares. Evercore ISI raised shares of Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. TD Cowen boosted their price target on Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup lifted their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. The Goldman Sachs Group upped their target price on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley cut their price objective on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Match Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

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.