Commonwealth Equity Services LLC Grows Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Commonwealth Equity Services LLC boosted its holdings in Match Group, Inc. (NASDAQ:MTCH) by 11.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,993 shares of the technology company’s stock after buying an additional 1,046 shares during the period. Commonwealth Equity Services LLC’s holdings in Match Group were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MTCH. Gryphon Financial Partners LLC purchased a new position in Match Group in the 4th quarter valued at approximately $149,000. Principal Securities Inc. purchased a new position in shares of Match Group during the 4th quarter valued at $31,000. Dimensional Fund Advisors LP grew its position in shares of Match Group by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,227,300 shares of the technology company’s stock valued at $44,799,000 after purchasing an additional 85,775 shares in the last quarter. Assetmark Inc. grew its position in shares of Match Group by 47.7% during the 4th quarter. Assetmark Inc. now owns 1,739 shares of the technology company’s stock valued at $63,000 after purchasing an additional 562 shares in the last quarter. Finally, SageView Advisory Group LLC purchased a new position in shares of Match Group during the 4th quarter valued at $270,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on MTCH. Wolfe Research started coverage on shares of Match Group in a research report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price target for the company. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Stifel Nicolaus upped their target price on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their target price on shares of Match Group from $33.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Eight 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. According to data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and an average target price of $42.07.

Match Group Trading Up 1.3 %

Shares of NASDAQ:MTCH opened at $36.77 on Tuesday. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 0.72 and a beta of 1.50. The company has a 50-day moving average price of $35.68 and a 200-day moving average price of $33.30. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data 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 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. As a group, research analysts forecast that Match Group, Inc. will post 1.98 EPS for the current fiscal 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.