Trust Co. of Vermont Acquires 18,012 Shares of Match Group, Inc. (NASDAQ:MTCH)

Trust Co. of Vermont increased its holdings in Match Group, Inc. (NASDAQ:MTCH) by 51.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 52,752 shares of the technology company’s stock after buying an additional 18,012 shares during the quarter. Trust Co. of Vermont’s holdings in Match Group were worth $1,603,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MTCH. Norges Bank purchased a new position in Match Group in the fourth quarter worth about $112,903,000. Bank of Nova Scotia boosted its position in Match Group by 17,295.4% in the fourth quarter. Bank of Nova Scotia now owns 2,155,632 shares of the technology company’s stock worth $78,678,000 after purchasing an additional 2,143,240 shares during the last quarter. Kodai Capital Management LP purchased a new position in Match Group in the fourth quarter worth about $47,613,000. Schroder Investment Management Group boosted its position in Match Group by 290.8% in the fourth quarter. Schroder Investment Management Group now owns 1,566,334 shares of the technology company’s stock worth $57,171,000 after purchasing an additional 1,165,576 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC boosted its position in Match Group by 668.9% in the first quarter. Capitolis Liquid Global Markets LLC now owns 1,304,000 shares of the technology company’s stock worth $47,309,000 after purchasing an additional 1,134,400 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MTCH shares. Morgan Stanley dropped their target price on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $38.00 price objective on shares of Match Group in a research report on Wednesday, July 31st. Citigroup lifted their price objective on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price objective on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company lowered their price objective on Match Group from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

Match Group Stock Performance

NASDAQ:MTCH traded up $0.02 during trading hours on Tuesday, reaching $35.68. The stock had a trading volume of 3,563,392 shares, compared to its average volume of 5,772,636. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $47.81. The company has a 50 day moving average price of $31.97 and a two-hundred day moving average price of $33.40. The stock has a market capitalization of $9.48 billion, a PE ratio of 15.56, a PEG ratio of 0.63 and a beta of 1.48.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The business 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 company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. Equities research analysts predict that Match Group, Inc. will post 1.98 EPS for the current 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.