XTX Topco Ltd Takes Position in Match Group, Inc. (NASDAQ:MTCH)

XTX Topco Ltd acquired a new stake in Match Group, Inc. (NASDAQ:MTCH) during the 2nd quarter, Holdings Channel reports. The firm acquired 26,381 shares of the technology company’s stock, valued at approximately $801,000.

Several other large investors have also made changes to their positions in MTCH. Gryphon Financial Partners LLC purchased a new position in shares of Match Group in the fourth quarter valued at about $149,000. Principal Securities Inc. purchased a new position in shares of Match Group in the fourth quarter valued at about $31,000. Dimensional Fund Advisors LP lifted its position in shares of Match Group by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,227,300 shares of the technology company’s stock valued at $44,799,000 after acquiring an additional 85,775 shares in the last quarter. Assetmark Inc. lifted its position in shares of Match Group by 47.7% in the fourth quarter. Assetmark Inc. now owns 1,739 shares of the technology company’s stock valued at $63,000 after acquiring an additional 562 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its holdings in shares of Match Group by 415.8% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 26,738 shares of the technology company’s stock worth $976,000 after purchasing an additional 21,554 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Stock Performance

MTCH opened at $36.30 on Monday. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 0.72 and a beta of 1.50. The stock’s 50 day moving average price is $35.58 and its 200-day moving average price is $33.28. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MTCH shares. HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price on the stock in a report on Monday, August 5th. Evercore ISI raised Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Wolfe Research started coverage on Match Group in a report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 target price on the stock. TD Cowen lifted their target price on Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada lifted their target price on Match Group from $33.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Match Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

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.