APG Asset Management N.V. Acquires 16,800 Shares of Match Group, Inc. (NASDAQ:MTCH)

APG Asset Management N.V. raised its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 131.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,545 shares of the technology company’s stock after purchasing an additional 16,800 shares during the period. APG Asset Management N.V.’s holdings in Match Group were worth $837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its stake in shares of Match Group by 24.5% in the 1st quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock valued at $14,908,000 after purchasing an additional 80,855 shares during the last quarter. FORA Capital LLC bought a new stake in Match Group during the first quarter valued at $2,410,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Match Group during the 4th quarter worth about $5,503,000. Nordea Investment Management AB grew its holdings in Match Group by 20.8% during the 1st quarter. Nordea Investment Management AB now owns 1,262,946 shares of the technology company’s stock worth $46,072,000 after acquiring an additional 217,760 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Match Group by 1.3% in the 1st 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. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Price Performance

Shares of MTCH stock opened at $37.53 on Wednesday. The firm has a 50-day moving average of $36.00 and a 200-day moving average of $33.46. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The company has a market cap of $9.68 billion, a P/E ratio of 16.32, a P/E/G ratio of 0.78 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. As a group, research analysts expect that Match Group, Inc. will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

MTCH has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wolfe Research began coverage on shares of Match Group in a research report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 target price on the stock. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a report on Thursday, August 1st. StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, TD Cowen increased their price objective 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. 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

Match Group 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.