Match Group, Inc. (NASDAQ:MTCH) Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont raised its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,420 shares of the technology company’s stock after acquiring an additional 9,668 shares during the period. Trust Co. of Vermont’s holdings in Match Group were worth $2,362,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MTCH. Lazard Asset Management LLC boosted its holdings in Match Group by 24.5% in the first quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock valued at $14,908,000 after purchasing an additional 80,855 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Match Group in the first quarter worth about $2,410,000. Nordea Investment Management AB grew its holdings in Match Group by 20.8% during the first quarter. Nordea Investment Management AB now owns 1,262,946 shares of the technology company’s stock worth $46,072,000 after acquiring an additional 217,760 shares during the period. Vanguard Group Inc. raised its position in Match Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock valued at $1,173,966,000 after acquiring an additional 416,140 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Match Group by 146.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock valued at $4,929,000 after acquiring an additional 83,166 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTCH has been the subject of several recent research reports. TD Cowen lifted their target price on shares of Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wolfe Research assumed coverage on shares of Match Group in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price objective for the company. Wells Fargo & Company dropped their target price on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. Stifel Nicolaus upped their price target on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Eight investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.34.

Match Group Price Performance

MTCH opened at $38.43 on Friday. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 0.78 and a beta of 1.51. The company’s 50 day simple moving average is $36.70 and its two-hundred day simple moving average is $33.66. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42.

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