Match Group, Inc. (NASDAQ:MTCH) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,747 shares of the technology company’s stock after acquiring an additional 779 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Match Group were worth $463,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Empirical Finance LLC raised its holdings in Match Group by 4.9% in the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock worth $254,000 after purchasing an additional 326 shares during the period. Prestige Wealth Management Group LLC boosted its stake in shares of Match Group by 8.9% in the second quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company’s stock worth $133,000 after acquiring an additional 357 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Match Group by 6.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock valued at $283,000 after purchasing an additional 478 shares during the last quarter. Natixis Investment Managers International lifted its holdings in Match Group by 14.4% in the 1st quarter. Natixis Investment Managers International now owns 4,241 shares of the technology company’s stock valued at $154,000 after purchasing an additional 533 shares in the last quarter. Finally, Assetmark Inc. raised 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 buying an additional 562 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Performance

Shares of Match Group stock opened at $37.81 on Friday. The company has a market cap of $9.75 billion, a P/E ratio of 16.44, a PEG ratio of 0.77 and a beta of 1.50. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The firm has a fifty day moving average of $35.81 and a two-hundred day moving average of $33.38.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The company 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%. Match Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. As a group, equities analysts predict that Match Group, Inc. will post 1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

MTCH has been the subject of several analyst reports. StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Evercore ISI raised shares of Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. Truist Financial boosted their price target on shares of Match Group from $33.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Wolfe Research assumed coverage on shares of Match Group in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price target on the stock. Finally, 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 note on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock 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.