Milestone Resources Group Ltd Sells 997 Shares of Match Group, Inc. (NASDAQ:MTCH)

Milestone Resources Group Ltd lessened its stake in Match Group, Inc. (NASDAQ:MTCH) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,799 shares of the technology company’s stock after selling 997 shares during the period. Match Group comprises about 0.5% of Milestone Resources Group Ltd’s holdings, making the stock its 20th largest holding. Milestone Resources Group Ltd owned approximately 0.16% of Match Group worth $15,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTCH. Russell Investments Group Ltd. raised its position in Match Group by 117.5% during the 1st quarter. Russell Investments Group Ltd. now owns 218,694 shares of the technology company’s stock valued at $7,927,000 after purchasing an additional 118,142 shares during the last quarter. Donoghue Forlines LLC purchased a new position in shares of Match Group during the 1st quarter worth approximately $215,000. Atomi Financial Group Inc. purchased a new position in shares of Match Group during the 1st quarter worth approximately $285,000. Forsta AP Fonden grew its holdings in shares of Match Group by 44.2% during the 1st quarter. Forsta AP Fonden now owns 171,900 shares of the technology company’s stock worth $6,237,000 after acquiring an additional 52,700 shares during the period. Finally, Empirical Finance LLC grew its holdings in shares of Match Group by 4.9% during the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock worth $254,000 after acquiring an additional 326 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley reduced their target price on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Wolfe Research started coverage on Match Group in a report on Tuesday. They set an “outperform” rating and a $36.00 target price on the stock. The Goldman Sachs Group cut their price target on Match Group from $47.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. TD Cowen cut their price target on Match Group from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, KeyCorp cut their price target on Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.79.

Match Group Trading Up 7.5 %

Match Group stock traded up $2.39 during trading on Tuesday, reaching $34.41. The company had a trading volume of 15,592,771 shares, compared to its average volume of 5,650,817. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $49.24. The firm’s 50-day simple moving average is $30.72 and its 200 day simple moving average is $33.61. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 0.54 and a beta of 1.49.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The business had revenue of $860.00 million during the quarter, compared to analyst estimates of $855.77 million. During the same quarter in the prior year, the business posted $0.42 EPS. Match Group’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts predict that Match Group, Inc. will post 2.11 earnings per share for the current 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.