Schaper Benz & Wise Investment Counsel Inc. WI Decreases Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Schaper Benz & Wise Investment Counsel Inc. WI lowered its stake in Match Group, Inc. (NASDAQ:MTCH) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,408 shares of the technology company’s stock after selling 634 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Match Group were worth $2,172,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Match Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock valued at $1,173,966,000 after acquiring an additional 416,140 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Match Group by 88.5% during the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after buying an additional 2,940,667 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of Match Group by 30.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,080,312 shares of the technology company’s stock worth $148,034,000 after purchasing an additional 943,894 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Match Group in the 2nd quarter worth $100,848,000. Finally, Bank of New York Mellon Corp grew its position in shares of Match Group by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock worth $77,342,000 after purchasing an additional 12,379 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Up 1.1 %

Shares of MTCH stock opened at $38.43 on Friday. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The business’s 50 day moving average is $36.70 and its two-hundred day moving average is $33.65. The company has a market cap of $9.91 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.78 and a beta of 1.51.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The company had revenue of $864.07 million during the quarter, compared to the consensus estimate of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.48 EPS. As a group, equities analysts expect that Match Group, Inc. will post 1.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTCH. TD Cowen boosted their target price on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $38.00 price target on shares of Match Group in a research note on Wednesday, July 31st. Truist Financial lifted their target price on Match Group from $33.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective for the company in a research note on Monday, August 5th. Finally, Wolfe Research assumed coverage on shares of Match Group in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Match Group has an average rating of “Moderate Buy” and a consensus price target of $41.78.

Match Group 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.