SWS Partners Sells 6,986 Shares of Match Group, Inc. (NASDAQ:MTCH)

SWS Partners lessened its position in Match Group, Inc. (NASDAQ:MTCH) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,778 shares of the technology company’s stock after selling 6,986 shares during the quarter. SWS Partners’ holdings in Match Group were worth $2,376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MTCH. Mather Group LLC. purchased a new stake in Match Group during the first quarter valued at about $33,000. Fidelis Capital Partners LLC purchased a new stake in Match Group during the first quarter valued at about $33,000. Quarry LP boosted its position in Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after buying an additional 461 shares during the period. Riverview Trust Co purchased a new stake in shares of Match Group during the first quarter worth about $57,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Match Group during the first quarter worth about $57,000. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of MTCH traded up $0.63 on Tuesday, hitting $38.42. 2,106,471 shares of the stock traded hands, compared to its average volume of 5,331,327. The company has a market capitalization of $9.91 billion, a PE ratio of 16.43, a P/E/G ratio of 0.75 and a beta of 1.51. The business has a 50 day simple moving average of $36.44 and a 200 day simple moving average of $33.57. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $856.51 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that Match Group, Inc. will post 1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTCH. The Goldman Sachs Group increased their target price on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective for the company in a report on Monday, August 5th. Morgan Stanley lowered 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 report on Wednesday, July 10th. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.34.

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.