UMB Bank n.a. Decreases Stake in Match Group, Inc. (NASDAQ:MTCH)

UMB Bank n.a. decreased its position in Match Group, Inc. (NASDAQ:MTCH) by 55.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,391 shares of the technology company’s stock after selling 2,931 shares during the quarter. UMB Bank n.a.’s holdings in Match Group were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTCH. Vanguard Group Inc. grew its position in Match Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after acquiring an additional 416,140 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in Match Group by 30.1% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,080,312 shares of the technology company’s stock valued at $148,034,000 after acquiring an additional 943,894 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Match Group in the second quarter valued at $100,848,000. Norges Bank bought a new stake in shares of Match Group in the 4th quarter worth about $112,903,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Match Group by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock worth $77,342,000 after purchasing an additional 12,379 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their price target on Match Group from $33.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a research report on Monday, August 5th. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Wolfe Research initiated coverage on shares of Match Group in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.07.

Match Group Trading Up 0.1 %

MTCH opened at $37.21 on Friday. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $47.81. The stock has a fifty day moving average price of $33.74 and a 200-day moving average price of $33.33. The firm has a market cap of $9.60 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.77 and a beta of 1.48.

Match Group (NASDAQ:MTCH) last released 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 business had revenue of $864.07 million during the quarter, compared to analyst estimates of $856.51 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Match Group, Inc. will post 1.98 EPS for the current year.

Match Group Company 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.