Match Group, Inc. (NASDAQ:MTCH) Holdings Cut by Palliser Capital UK Ltd

Palliser Capital UK Ltd trimmed its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 45.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,031 shares of the technology company’s stock after selling 108,277 shares during the quarter. Match Group accounts for about 3.4% of Palliser Capital UK Ltd’s investment portfolio, making the stock its 8th biggest position. Palliser Capital UK Ltd’s holdings in Match Group were worth $4,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTCH. Allspring Global Investments Holdings LLC increased its position in shares of Match Group by 13.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,240 shares of the technology company’s stock worth $698,000 after purchasing an additional 2,291 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Match Group by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 79,782 shares of the technology company’s stock worth $2,894,000 after buying an additional 2,083 shares during the last quarter. BNP Paribas bought a new stake in shares of Match Group in the 1st quarter valued at approximately $369,000. Fidelis Capital Partners LLC bought a new position in Match Group during the first quarter worth $33,000. Finally, Nordea Investment Management AB boosted its holdings in Match Group by 20.8% in the first quarter. Nordea Investment Management AB now owns 1,262,946 shares of the technology company’s stock worth $46,072,000 after purchasing an additional 217,760 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Down 0.9 %

Shares of MTCH opened at $35.69 on Friday. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. The company’s fifty day moving average is $36.96 and its 200-day moving average is $33.88. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The business had revenue of $864.07 million for the quarter, compared to analyst estimates of $856.51 million. During the same quarter in the prior year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts predict that Match Group, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MTCH. Wells Fargo & Company cut their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. Evercore ISI raised Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Wolfe Research began coverage on Match Group in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 target price on the stock. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Citigroup boosted their price target 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. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Match Group has a consensus rating of “Moderate Buy” and a consensus target price of $41.78.

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.