Trust Co. of Vermont Has $1.60 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Trust Co. of Vermont lifted its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 51.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,752 shares of the technology company’s stock after purchasing an additional 18,012 shares during the quarter. Trust Co. of Vermont’s holdings in Match Group were worth $1,603,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. YHB Investment Advisors Inc. acquired a new position in shares of Match Group during the 1st quarter worth $28,000. Principal Securities Inc. acquired a new position in Match Group in the 4th quarter valued at $31,000. Mather Group LLC. acquired a new position in Match Group in the 1st quarter valued at $33,000. Fidelis Capital Partners LLC acquired a new position in Match Group in the 1st quarter valued at $33,000. Finally, GAMMA Investing LLC acquired a new position in Match Group in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

MTCH has been the topic of a number of research analyst reports. TD Cowen raised their target price on shares of Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. UBS Group reduced their price target on shares of Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target for the company in a report on Monday. The Goldman Sachs Group increased their price target on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus raised their price objective on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.07.

Match Group Stock Performance

MTCH traded up $0.02 during midday trading on Tuesday, hitting $35.68. The company had a trading volume of 3,563,392 shares, compared to its average volume of 5,772,636. The company has a market capitalization of $9.48 billion, a PE ratio of 15.56, a P/E/G ratio of 0.63 and a beta of 1.48. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $47.81. The firm’s 50-day simple moving average is $31.97 and its 200-day simple moving average is $33.40.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. Match Group’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 EPS. As a group, sell-side analysts anticipate that Match Group, Inc. will post 1.98 EPS 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.