Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 79.5% during the third quarter, Holdings Channel reports. The firm owned 156,451 shares of the technology company’s stock after acquiring an additional 69,270 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Match Group were worth $5,793,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC increased its position in Match Group by 24.5% in 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 period. FORA Capital LLC acquired a new position in shares of Match Group during the first quarter valued at $2,410,000. Nordea Investment Management AB raised its stake in shares of Match Group by 20.8% during 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 in the last quarter. Vanguard Group Inc. lifted its holdings in Match Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after purchasing an additional 416,140 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Match Group by 117.5% during the 1st quarter. Russell Investments Group Ltd. now owns 218,694 shares of the technology company’s stock worth $7,927,000 after buying an additional 118,142 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on MTCH. Citigroup boosted their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Evercore ISI upgraded Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. TD Cowen lifted their target price on Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, Wolfe Research began coverage on Match Group in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.78.

Match Group Trading Down 2.3 %

Shares of NASDAQ:MTCH opened at $36.03 on Friday. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42. The stock has a market capitalization of $9.57 billion, a P/E ratio of 15.67, a P/E/G ratio of 0.77 and a beta of 1.51. The business has a 50-day moving average price of $36.99 and a two-hundred day moving average price of $33.85.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $864.07 million during 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 firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. As a group, equities analysts predict that Match Group, Inc. will post 1.96 EPS for the current 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.