Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its holdings in Match Group, Inc. (NASDAQ:MTCH) by 0.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,740 shares of the technology company’s stock after selling 797 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.09% of Match Group worth $9,110,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Quarry LP lifted its position in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after buying an additional 461 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Match Group by 87.6% in the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after acquiring an additional 794 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of Match Group during the 1st quarter worth approximately $57,000. International Assets Investment Management LLC acquired a new stake in Match Group in the 2nd quarter valued at approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in Match Group by 433.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. Citigroup increased their price target on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company cut their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Finally, TD Cowen raised their price target on shares of Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Match Group presently has a consensus rating of “Moderate Buy” and an average price target of $41.19.

Match Group Stock Down 17.9 %

Shares of NASDAQ MTCH opened at $31.11 on Friday. The stock has a market cap of $8.02 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42. The business has a 50-day moving average price of $36.95 and a 200 day moving average price of $33.99.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $895.48 million during the quarter, compared to the consensus estimate of $900.33 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. Sell-side analysts anticipate that Match Group, Inc. will post 1.96 earnings per share 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.