AQR Capital Management LLC Raises Position in Match Group, Inc. (NASDAQ:MTCH)

AQR Capital Management LLC boosted its position in Match Group, Inc. (NASDAQ:MTCH) by 33.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 675,768 shares of the technology company’s stock after purchasing an additional 168,955 shares during the period. AQR Capital Management LLC’s holdings in Match Group were worth $20,530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. YHB Investment Advisors Inc. bought a new stake in shares of Match Group in the first quarter valued at $28,000. Mather Group LLC. bought a new position in shares of Match Group during the 1st quarter worth $33,000. Fidelis Capital Partners LLC purchased a new stake in Match Group in the 1st quarter worth about $33,000. Riverview Trust Co bought a new stake in Match Group in the 1st quarter valued at about $57,000. Finally, Sentry Investment Management LLC purchased a new stake in Match Group during the first quarter valued at about $57,000. 94.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $38.00 target price on shares of Match Group in a report on Wednesday, July 31st. HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target for the company in a report on Monday, August 5th. Morgan Stanley dropped their price objective on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group lifted their target price on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Match Group has a consensus rating of “Moderate Buy” and an average price target of $42.07.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $37.84 on Tuesday. The firm has a fifty day moving average of $35.94 and a 200 day moving average of $33.43. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42. The firm has a market capitalization of $10.05 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last announced 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 for 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%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. On average, sell-side 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.