QRG Capital Management Inc. has acquired $401,000 worth of shares in Match Group, Inc. (NASDAQ:MTCH)

QRG Capital Management Inc. decreased its shares in Match Group, Inc. (NASDAQ:MTCH – Free Report) by 77.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,046 shares of the technology company after selling 36,883 shares during the quarter. QRG Capital Management Inc.’s shares of Match Group were worth $401,000, according to its most recent filing with the SEC.

A number of other institutional investors also made changes to their positions in MTCH. YHB Investment Advisors Inc. acquired a new position in Match Group during the 1st quarter worth $28,000. Principal Securities Inc. acquired a new position in shares of Match Group during the fourth quarter worth $31,000. Mather Group LLC. purchased a new position in Match Group during the first quarter worth approximately $33,000. Fidelis Capital Partners LLC purchased a new stake in Match Group during the 1st quarter worth approximately $33,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Match Group by 432.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,089 shares during the period. 94.05% of the shares are held by institutional investors.

Analysts set new price targets

MTCH has been the subject of several analyst reports. Royal Bank of Canada lowered their price objective on shares of Match Group from $43.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. UBS Group lowered their price objective on Match Group from $40.00 to $36.00 and set a “neutral” rating on the company in a report on Thursday, May 9th. The Goldman Sachs Group lowered their price objective on Match Group from $47.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. StockNews.com raised shares of Match Group from a “hold” rating to a “buy” rating in a research note on Monday, June 24th. Finally, KeyCorp lowered their price objective on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating on the company in a research note on Monday, May 6th. Seven investment analysts have rated the stock with a hold rating and thirteen have given the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.79.

Check out our latest stock analysis on MTCH

Match Group Price Performance

Shares of NASDAQ MTCH opened at $34.67 on Friday. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $49.24. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.59 and a beta of 1.49. The company has a 50-day moving average of $31.01 and a 200-day moving average of $33.62.

Match Group (NASDAQ:MTCH – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $860.00 million for the quarter, compared to analysts’ expectations of $855.77 million. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The company’s revenue increased by 9.3% compared to the year-ago quarter. In the prior-year quarter, the company posted $0.42 EPS. On average, sell-side analysts expect Match Group, Inc. to post 2.11 EPS for the current year.

Match Group Profile

(Free Report)

Match Group, Inc. is engaged in providing dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK and Hakuna, as well as several other brands, all built to increase the chances of users connecting with others. Its services are available in over 40 languages ​​to users worldwide.

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