Match Group, Inc. (NASDAQ:MTCH) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in Match Group, Inc. (NASDAQ:MTCH) by 161.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,632 shares of the technology company’s stock after buying an additional 21,980 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Match Group were worth $1,083,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MTCH. International Assets Investment Management LLC boosted its position in Match Group by 4,348.2% in the 4th quarter. International Assets Investment Management LLC now owns 79,935 shares of the technology company’s stock worth $2,918,000 after purchasing an additional 78,138 shares in the last quarter. Victory Capital Management Inc. grew its position in Match Group by 304.0% during the fourth quarter. Victory Capital Management Inc. now owns 154,511 shares of the technology company’s stock valued at $5,640,000 after buying an additional 116,266 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Match Group by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,466,837 shares of the technology company’s stock valued at $90,040,000 after buying an additional 51,179 shares in the last quarter. Gryphon Financial Partners LLC acquired a new position in shares of Match Group in the fourth quarter worth about $149,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Match Group by 52.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 5,470 shares of the technology company’s stock worth $200,000 after acquiring an additional 1,889 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

Shares of MTCH stock opened at $36.51 on Friday. The firm’s 50-day moving average is $34.37 and its two-hundred day moving average is $33.33. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $45.97. The company has a market capitalization of $9.42 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $864.07 million for the quarter, compared to analyst estimates of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. Sell-side analysts forecast that Match Group, Inc. will post 1.98 EPS for the current year.

Wall Street Analysts Forecast Growth

MTCH has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target on the stock in a research note on Monday, August 5th. Wolfe Research began coverage on shares of Match Group in a report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $38.00 target price on shares of Match Group in a research note on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Match Group has an average rating of “Moderate Buy” and an average price target of $42.07.

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.