Northwestern Mutual Wealth Management Co. Acquires 8,928 Shares of Match Group, Inc. (NASDAQ:MTCH)

Northwestern Mutual Wealth Management Co. increased its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,835 shares of the technology company’s stock after acquiring an additional 8,928 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Match Group were worth $2,304,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MTCH shares. Morgan Stanley decreased their target price on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a research note on Monday, August 5th. Citigroup raised their target price on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, TD Cowen lifted their price objective on Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Eight equities research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

Match Group Stock Up 0.8 %

NASDAQ MTCH opened at $37.60 on Friday. The firm’s 50 day moving average is $36.26 and its 200-day moving average is $33.53. The company has a market capitalization of $9.99 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.51. 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 results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting 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 firm had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that Match Group, Inc. will post 1.98 EPS for the current year.

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.