Private Advisor Group LLC Has $1.33 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Private Advisor Group LLC boosted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,099 shares of the technology company’s stock after purchasing an additional 1,006 shares during the period. Private Advisor Group LLC’s holdings in Match Group were worth $1,328,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MTCH. Lazard Asset Management LLC increased its position in Match Group by 24.5% during the first quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock worth $14,908,000 after buying an additional 80,855 shares during the last quarter. FORA Capital LLC acquired a new position in shares of Match Group in the first quarter valued at $2,410,000. Nordea Investment Management AB raised its position in shares of Match Group by 20.8% in the first quarter. Nordea Investment Management AB now owns 1,262,946 shares of the technology company’s stock valued at $46,072,000 after purchasing an additional 217,760 shares during the period. Vanguard Group Inc. raised its position in shares of Match Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock valued at $1,173,966,000 after purchasing an additional 416,140 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Match Group by 146.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock worth $4,929,000 after buying an additional 83,166 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Wolfe Research started coverage on Match Group in a report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price target for the company. 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. TD Cowen raised their price target on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company lowered their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Match Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.78.

Match Group Price Performance

MTCH stock opened at $36.03 on Friday. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 0.77 and a beta of 1.51. The company has a 50 day simple moving average of $36.99 and a 200 day simple moving average of $33.85. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. Match Group’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. On average, equities research analysts anticipate that Match Group, Inc. will post 1.96 EPS for the current fiscal 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.