Ieq Capital LLC raised its position in shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 240.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,175 shares of the technology company’s stock after purchasing an additional 24,136 shares during the period. Ieq Capital LLC’s holdings in Match Group were worth $1,631,000 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. TD Asset Management Inc. boosted its stake in Match Group by 25.6% during the 2nd quarter. TD Asset Management Inc. now owns 351,131 shares of the technology company’s stock valued at $24,470,000 after purchasing an additional 71,665 shares during the period. Xponance Inc. boosted its stake in Match Group by 11.2% during the 3rd quarter. Xponance Inc. now owns 56,382 shares of the technology company’s stock valued at $2,692,000 after purchasing an additional 5,663 shares during the period. Louisiana State Employees Retirement System acquired a new position in Match Group during the 3rd quarter valued at about $1,590,000. Pinebridge Investments L.P. lifted its stake in shares of Match Group by 102.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 678 shares of the technology company’s stock worth $47,000 after acquiring an additional 343 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Match Group in the 2nd quarter worth approximately $177,000. 93.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on MTCH shares. Morgan Stanley reduced their price target on shares of Match Group from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, October 11th. Cowen reduced their price target on shares of Match Group from $85.00 to $80.00 in a research note on Thursday, November 3rd. StockNews.com raised shares of Match Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. Evercore ISI reduced their price target on shares of Match Group to $65.00 in a research note on Thursday, October 13th. Finally, Piper Sandler reduced their price target on shares of Match Group from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, January 6th. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Match Group currently has an average rating of “Moderate Buy” and an average target price of $81.72.
Match Group Price Performance
Match Group (NASDAQ:MTCH – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The technology company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). Match Group had a net margin of 3.39% and a negative return on equity of 94.07%. The firm had revenue of $809.55 million for the quarter, compared to analyst estimates of $793.03 million. Sell-side analysts predict that Match Group, Inc. will post 1.4 EPS for the current fiscal year.
About Match Group
Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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