Bank Julius Baer & Co. Ltd Zurich Has $4.54 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Bank Julius Baer & Co. Ltd Zurich cut its stake in Match Group, Inc. (NASDAQ:MTCH) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,477 shares of the technology company’s stock after selling 10,165 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Match Group were worth $4,543,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Metis Global Partners LLC increased its stake in Match Group by 17.7% during the 3rd quarter. Metis Global Partners LLC now owns 11,767 shares of the technology company’s stock worth $461,000 after purchasing an additional 1,770 shares in the last quarter. Nordea Investment Management AB increased its stake in Match Group by 22.4% during the 4th quarter. Nordea Investment Management AB now owns 1,045,186 shares of the technology company’s stock worth $37,961,000 after purchasing an additional 191,615 shares in the last quarter. Scharf Investments LLC bought a new position in shares of Match Group during the 4th quarter worth approximately $31,526,000. American Century Companies Inc. grew its stake in shares of Match Group by 13.9% during the 3rd quarter. American Century Companies Inc. now owns 1,509,954 shares of the technology company’s stock worth $59,152,000 after acquiring an additional 184,325 shares in the last quarter. Finally, International Assets Investment Management LLC grew 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 owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MTCH shares. KeyCorp increased 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. Piper Sandler reissued an “overweight” rating and set a $45.00 target price on shares of Match Group in a report on Wednesday, March 27th. Raymond James assumed coverage on Match Group in a report on Thursday, April 4th. They set a “market perform” rating for the company. JPMorgan Chase & Co. decreased their price target on Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Finally, StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Match Group currently has a consensus rating of “Hold” and a consensus price target of $43.07.

Match Group Trading Up 0.6 %

Shares of MTCH stock opened at $31.89 on Friday. The business’s 50-day moving average price is $34.49 and its 200-day moving average price is $34.62. Match Group, Inc. has a 12 month low of $27.85 and a 12 month high of $49.24. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.51 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $861.31 million. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, sell-side analysts predict that Match Group, Inc. will post 2.16 earnings per share for the current fiscal year.

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.