Marshall Wace LLP Takes Position in Match Group, Inc. (NASDAQ:MTCH)

Marshall Wace LLP acquired a new position in shares of Match Group, Inc. (NASDAQ:MTCH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,614,652 shares of the technology company’s stock, valued at approximately $49,053,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new position in Match Group in the second quarter worth $100,848,000. Pacer Advisors Inc. grew its stake in Match Group by 88.5% during the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after buying an additional 2,940,667 shares during the last quarter. Bank of Nova Scotia increased its position in Match Group by 17,295.4% during the 4th quarter. Bank of Nova Scotia now owns 2,155,632 shares of the technology company’s stock valued at $78,678,000 after buying an additional 2,143,240 shares in the last quarter. Kodai Capital Management LP purchased a new stake in Match Group in the fourth quarter valued at about $47,613,000. Finally, Schroder Investment Management Group boosted its holdings in Match Group by 290.8% in the fourth quarter. Schroder Investment Management Group now owns 1,566,334 shares of the technology company’s stock worth $57,171,000 after acquiring an additional 1,165,576 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $38.00 price objective on shares of Match Group in a research note on Wednesday, July 31st. Citigroup upped their target price on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price for the company in a research note on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

Match Group Trading Down 0.9 %

NASDAQ MTCH opened at $37.00 on Thursday. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 0.76 and a beta of 1.50. The stock has a 50-day moving average of $35.73 and a 200 day moving average of $33.32. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The business had revenue of $864.07 million during the quarter, compared to the consensus estimate of $856.51 million. During the same period in the prior year, the company posted $0.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts predict 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.