Forsta AP Fonden Has $6.03 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Forsta AP Fonden boosted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 38.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 159,400 shares of the technology company’s stock after buying an additional 44,200 shares during the quarter. Forsta AP Fonden’s holdings in Match Group were worth $6,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of MTCH. Oak Thistle LLC bought a new stake in Match Group in the 1st quarter valued at $261,000. Allspring Global Investments Holdings LLC increased its holdings in Match Group by 13.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,240 shares of the technology company’s stock valued at $698,000 after buying an additional 2,291 shares during the period. Applied Fundamental Research LLC increased its holdings in Match Group by 1.0% in the 1st quarter. Applied Fundamental Research LLC now owns 285,804 shares of the technology company’s stock valued at $10,329,000 after buying an additional 2,819 shares during the period. Janney Montgomery Scott LLC increased its holdings in Match Group by 2.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 79,782 shares of the technology company’s stock valued at $2,894,000 after buying an additional 2,083 shares during the period. Finally, BNP Paribas bought a new stake in Match Group in the 1st quarter valued at $369,000. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price for the company in a research report on Monday, August 5th. Morgan Stanley dropped their target price on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. TD Cowen increased their target price 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, Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Match Group has a consensus rating of “Moderate Buy” and a consensus price target of $41.78.

Match Group Trading Down 0.5 %

Shares of NASDAQ MTCH opened at $37.02 on Tuesday. The firm has a market capitalization of $9.84 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 0.77 and a beta of 1.51. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42. The firm’s 50-day moving average is $36.99 and its 200-day moving average is $33.78.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $864.07 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. As a group, equities research analysts anticipate that Match Group, Inc. will post 1.96 earnings per share for the current fiscal year.

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.