JFG Wealth Management LLC Acquires New Shares in Match Group, Inc. (NASDAQ:MTCH)

JFG Wealth Management LLC acquired a new position in Match Group, Inc. (NASDAQ:MTCH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,400 shares of the technology company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTCH. Metis Global Partners LLC raised its position in shares of Match Group by 17.7% in the 3rd quarter. Metis Global Partners LLC now owns 11,767 shares of the technology company’s stock worth $461,000 after acquiring an additional 1,770 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Match Group by 22.4% during the fourth quarter. Nordea Investment Management AB now owns 1,045,186 shares of the technology company’s stock valued at $37,961,000 after buying an additional 191,615 shares during the last quarter. Scharf Investments LLC purchased a new stake in shares of Match Group during the fourth quarter valued at about $31,526,000. American Century Companies Inc. grew its position in shares of Match Group by 13.9% in the 3rd quarter. American Century Companies Inc. now owns 1,509,954 shares of the technology company’s stock worth $59,152,000 after buying an additional 184,325 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Match Group by 4,348.2% during the 4th quarter. International Assets Investment Management LLC now owns 79,935 shares of the technology company’s stock worth $2,918,000 after acquiring an additional 78,138 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Performance

MTCH stock traded down $0.01 during mid-day trading on Thursday, reaching $31.17. The company had a trading volume of 817,854 shares, compared to its average volume of 5,552,408. The firm has a fifty day simple moving average of $34.17 and a 200 day simple moving average of $34.47. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 0.50 and a beta of 1.43. Match Group, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $49.24.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The firm had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $861.31 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. As a group, analysts predict that Match Group, Inc. will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

MTCH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Morgan Stanley downgraded shares of Match Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $53.00 to $37.00 in a research report on Thursday, April 18th. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. KeyCorp boosted their price objective on Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, Raymond James assumed coverage on Match Group in a report on Thursday, April 4th. They set a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.07.

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.